Mechanisms of Compensation for Services to Ecosystems, Law No. 30215
This law promotes, regulates and supervises means of compensation for voluntary actions to conserve, recuperate and sustainably use natural ecosystems. While this legislation is primarily focussed on conservation and recuperation of the natural environment, it incorporates climate change language and in particular promotes carbon sequestration and responsible land use.
The legislation defines what constitutes as a service to the natural ecosystem and stipulates how actions are to be evaluated, monitored and remunerated.