世界银行：2025年通过自然气候解决方案减少排放：生物碳基金在签订减排购买协议（ERPA）方面的经验报告（英文版）

Purchase Agreement (ERPA). The ERPA is not only a legal agreement but also a financial tool, representing forward contracts that guarantee the purchase of emissions reductions over a period at a set or marketlinked price. An ISFL ERPA is an agreement between the Program Entity, authorized by the host country to implement the ER program and sell the resulting emissions reductions (seller), and the World Bank (buyer, and trustee of ISFL).