Alliance Terms Snapshot
- Single ledger for allocation (no double-selling); trader RFO/RFR precedence, then buyer RFR.
- Buyer economics: reservation + escrow with an 80/20 split (80% creditable; 20% reservation).
- Milestones (alliances): 2 draws for shared revenues — Initiation (50%) and BTR published (50%).
- Language: UNFCCC-consistent; sovereign decisions remain sovereign.