Woodland Carbon Update – August 2022
August 2022 Woodland Carbon Update, including more information about the changes to additionality rules, and future trends in the market.Read more
The price you pay for a product is determined by the value you attach to it. For the seller of that same product, the price which they receive should broadly match the one paid, minus the transaction costs. In the woodland carbon market, those transaction costs are limited.
Indeed, they are akin to those of an estate agent. A legal contract is necessary between the buyer and the seller. There are costs associated with establishing the forum for marketing. It also takes time to match a buyer with a seller, establishing relationships on both sides and ensuring they agree with the terms of the agreement.
This simple system unravels when there are a limited number of ways in which buyers and sellers can engage with each other. Unfortunately, the woodland carbon market, due to its infancy, has been a perfect example of just such a market.
Until CarbonStore’s launch yesterday, the choice of operators in the woodland carbon market was sparse across the UK. Moreover, it would seem that a substantial gap exists in some cases between the price paid by companies and that received by landowners
The size of that gap became clear from two recent conversations. Within the last few weeks, a company based in the south east has been quoted £10 per PIU. Meantime, a landowner has been offered just £5 per PIU. These two quotes suggest a mark-up of 100%. In reality, it is likely to be even higher (please see part 2 tomorrow).
CarbonStore wants to rectify this problem so that companies pay and landowners receive a fair price for woodland carbon. Our website proves this. We market our carbon-related woodland schemes fairly and openly and we charge only a minor commission for arranging the transactions between landowners and companies.
Only once the woodland carbon market functions properly can the Woodland Carbon Code have a realistic chance of incentivising landowners to plant more trees. And it is only by planting trees that we can all appreciate the benefits of more woodland coverage across the UK. It is strongly in landowners’ and companies’ interests to use CarbonStore’s website to buy or sell their woodland-generated carbon units.
David McCulloch, Head of CarbonStore
August 2022 Woodland Carbon Update, including more information about the changes to additionality rules, and future trends in the market.Read more
A new report analysing CO₂ uptake by forestry shows that a diverse range of woodland types can all make a significant contribution over a 100 year period.Read more
Has your business thought about planting home-grown trees in the UK to sequester your residual carbon emissions but you don’t know how to push the project forwards?Read more
These goals define the priorities and objectives for sustainable development initiatives, such as woodland creation, around the world.Read more
A Graduate from Cranfield University has won the CarbonStore Top Student Award after achieving the highest mark on the ‘Evaluating Environmental Sustainability’ module.Read more
Almost £8 million has been allocated for local authorities to train and employ new staff - building local capacity to plan and deliver new woodlands.Read more
Funding will support projects which are expanding woodland cover, providing jobs and addressing the forestry sector’s skills shortage, and increasing access to natureRead more
In practice, there are seven greenhouse gases (GHG) which the Kyoto Protocol identified as contributing to global warming. Carbon Dioxide (CO₂) is the most prevalent, accounting for 80% of GHG emissions.Read more
The Department for Education has launched its Sustainability and Climate Change Strategy which includes the launch of a new natural History GCSE.Read more
Launched by the Forestry Commission in 2011, it is operated by Scottish Forestry, the science underpinning its calculations has been developed by Forest Research and it is backed by the UK government.Read more
New, long-term environmental targets have been announced by the government. The proposed targets are a cornerstone of the government’s Environment Act which passed into law in November last year.Read more
BSW Group was presented with the Carbon Reduction Award (facilitated by CarbonStore) Selco pledged to plant over 100,000 trees across 100 acres at a site situated in the Scottish borders.Read more
Scheme gives land managers the option to sell Woodland Carbon Units to the Government at a guaranteed price protected against inflation.Read more
With the government legally committed to achieving net zero emissions in the UK by 2050 and simultaneously conscious of the wider societal challenges, its 2019 manifesto also committed it to planting 30,000 hectares across the UK by 2025Read more
This exciting Award aims to celebrate leading examples of Scottish forests and woodlands, which have an important role in mitigating or adapting to climate change or sharing information or education.Read more
What were the major milestones in 2021 and can we learn anything from them about what lies in store for 2022?Read more
The new schemes will support nature recovery and climate action by rewarding farmers in their local area, alongside sustainable and profitable food production.Read more
Government seeking views on a ban of the retail sale of peat in horticulture by end of this ParliamentRead more
CarbonStore is delighted to share this free public webinar dedicated to farmers, landowners and companies.Read more
The premier awards for forests and woods in Scotland are back for 2022 after a highly successful 2021 saw winners ranging from a tiny nursery school to the country’s largest landownerRead more
Climate Change Agreements scheme delivers reduction in emissions of 6.6 million tonnes of carbon dioxide equivalent during 2019 and 2020.Read more
Recent analysis by Forest Research, the Forestry Commission’s world-renowned research division, has highlighted an important shortcoming in the assumptions which underpin the current approach in calculating sequestration volumes by different types of woodlandRead more
Visits to the UK’s woodlands boosts mental health and is estimated to save £185 million in treatment costs annually, a landmark report published by Forest Research findsRead more
The forestry market has seen a record-breaking year, with average values more than double what they were three years ago.Read more
CarbonStore is proud to be a sponsor of the 2021 Landscape Institute Awards.Read more
The Number of Registered Projects Rises Steeply As a fast-evolving industry, the market for woodland carbon continues to be influenced by passing, but significant, winds. As we have noted before, interest in the Woodland Carbon Code has expanded dramatically; demand for PIUs and WCUs has increased but the number of woodlands registered with the Code […]Read more
Why Woodland Creation Should Be Part of Your Carbon Reduction Strategy as a sustainability manager or analystRead more
A Carbon Source, Sink and Store There is a lot of confusion surrounding terms such as ‘carbon sink’, ‘carbon store’ and ‘carbon source’. This article gets clear on carbon.Read more
Woodland creation generates a multitude of other ecological, environmental, social and economic benefits:Read more
CarbonStore is delighted to welcome Michael Fagbohungbe to both the Tilhill and CarbonStore team. His appointment means that the Company can really dig deep into the business of carbon, starting by assessing its own ambitions towards Net Zero as well as reinforcing the CarbonStore team by providing his expert knowledge in carbon offsetting. Michael holds […]Read more
CarbonStore presents 10 very important reasons as number one choice for carbon offsettingRead more
Exploring a fair price for carbon transactions for woodland owner and Selco Builders'Warehouse. Looking at recent pricing trends.Read more
The report released on #BogDay used satellite technology to look at how these bogs breathe" and how it could help build a better picture of peatland conditions in Scotland.Read more
Carbon sequestration describes the process in which carbon dioxide (CO₂) is removed from the atmosphere and subsequently stored through biological, chemical, or physical processes.Read more
CarbonStore is delighted to announce the purchase of 8,000 Pending Issuance Units (PIUs)Read more
CarbonStore has produced this User Guide, so all parties have a clear understanding of the terminology and the processes involved in the selling and purchasing of woodland generated carbon units.Read more
£10m available from the scheme’s £50m pot for farmers and land managers to create new woodlands to help tackle the effects of climate change. The scheme gives land managers the option to sell Woodland Carbon Units (the carbon captured once the trees have grown), to the government at a guaranteed price protected against inflation. The […]Read more
Head of CarbonStore David McCulloch Joins Panel Free Webinar: Tuesday June 22nd – 11am Tilhill, the UK’s leading forestry management company announces the latest in a series of free webinars. The webinar on 22 June will focus on exploring the new funding offer for woodland creation in England. The webinar will take farmers, landowners and […]Read more
We see signs of infancy across all carbon markets, including the one for woodland carbon. The absence of pricing transparency, which we are keen to rectify, is the most obvious symptom. Meantime, we continue to work hard to address others which we feel are important steps to ensure the healthy development of the market so […]Read more
The Forestry & Climate Change Working Group with CarbonStore The Forestry Climate Change Working Group (FCCWG) present this Workshop Webinar; a free online workshop for forestry practitioners exploring the importance of carbon in a climate emergency. As a result of the UK’s commitment to becoming a Net Zero economy by 2050, carbon sequestration is likely […]Read more
The outlook for the woodland carbon market appears encouraging. Its regulatory standard, the Woodland Carbon Code, has used the lockdown gainfully to update its rules and guidelines, expand its capacity and widen its recognition among both landowners and companies. With the UK now (slowly) emerging from the lockdown, pressure for a ‘green recovery’ is growing. […]Read more
Head of CarbonStore David McCulloch joined Tilhill for this informative webinar entitled ‘Creating Woodlands for Cash, Carbon & Conservation’ – Scotland which included three onsite interviews. David answered all carbon related questions from landowners, farmers and industry professionals. Watch the full recording covering: The landowner’s objectives Evaluating the land and farm potential How agriculture can […]Read more
Free workshop: Tuesday 20th April 11am The Forestry Climate Change Working Group is delighted to announce the launch of a free online workshop for forestry practitioners and will explore the importance of carbon in a climate emergency. As a result of the UK’s commitment to becoming a Net Zero economy by 2050, carbon sequestration is […]Read more
The UK’s woodland carbon market is evolving rapidly. Preliminary enquiries, more substantive indications of interest in buying PIUs, and firm orders for them from companies have all picked up markedly through January and early- February. Similarly, woodland owners are quickly recognising the opportunities from selling their woodland-generated carbon credits. The number of schemes being registered […]Read more
Forestry and Land Scotland’s (FLS) ongoing work to restore a globally important habitat is being celebrated as part of World Wetlands Day (2 Feb). Blanket bog is a type of habitat found on peatland soils in cool, wet upland areas in maritime climates. It covers 23 per cent of Scotland’s land area and is rarely […]Read more
This webinar outlines the fundamental principles of nature-based solutions, focusing particularly on woodland creation and peatland restoration. It explains how CarbonStore’s service works in practice, and the processes involved for projects registered with the UK Carbon Land Registry. What are nature-based solutions? How can they help your organisation? How do they work, in practice? Nature […]Read more
Listen to CLA’s podcast supported by Tilhill. ‘David Attenborough’s recent Netflix documentary did an incredible job making the case that the key to solving climate change is right in front of us: nature. Nature is our biggest ally, inspiration and the best, most cost-effective, shovel-ready technology we have to tackle the climate crisis.’ In this podcast we focus on […]Read more
A new Climate Change Champion prize has been added to Scotland’s Finest Woods Awards as the ‘Tree Oscars’ return in 2021. The Climate Change Champion Award, sponsored by CarbonStore, will be chosen by judges from entries to all 2021 Awards categories. All entries can identify and highlight what their project will contribute to tackling climate […]Read more
Webinar: Crafting Nature-Based Solutions for Your Business January 28th 10am What are nature-based solutions? How can they help your organisation? How do they work, in practice? CarbonStore is well equipped to explain. Through Tilhill, we have 70 years’ experience in planting trees and restoring peatlands. Please join us for our free webinar discussing these issues […]Read more
Appreciation for Natural Capital is gathering momentum. The value of woodland carbon is rising.Read more
In the race to tackle climate change and to reach net zero emissions, two key UK-wide carbon markets have joined forces. The UK Woodland Carbon Registry and UK Peatland Code have come together to form the new UK Land Carbon Registry. The new registry aims to create a more accessible ‘one-stop-shop’ for woodland and peatland […]Read more
CarbonStore, a company providing an open and transparent platform for companies and landowners to buy and sell Woodland Carbon Units is delighted to share this free public webinar dedicated to farmers, landowners and companies. The online event on November 3rd 2020 introduced CarbonStore and outlined the Woodland Carbon Code. The webinar attracted over 240 guests […]Read more
CarbonStore is delighted to be announcing a free public webinar dedicated to farmers, landowners and companies.Read more
When considering environmental enhancement, it can sometimes feel as though there are too many variables to juggle or prioritise to make the most significant impact possible with the resources at your disposal.Read more
The intricacies of the Woodland Carbon Code present many potential pitfalls for landowners seeking to capitalise on their newly planted woodland’s carbon sequestration capacity. Some agents/brokers purchase Pending Issuance Units (PIUs) directly from landowners and then hold them, as inventory, while they look for a corporate buyer for the PIUs. (Please note that CarbonStore operates […]Read more
A new opportunity launches today for those of us seeking to contribute to a cleaner, greener, low carbon economy. CarbonStore will be utilising its unique partnerships to unite landowners, who are looking to sell woodland generated carbon units, with companies that are keen to offset their carbon emissions. The objective being to provide a woodland-based […]Read more
The report assesses the way we use our land today and the changes required in how we farm and use land in order to deliver the UK Government’s Net Zero greenhouse gas emissions target by 2050Read more
This is the Committee’s 2020 report to Parliament, assessing progress in reducing UK emissions over the past year.Read more
This is the Committee’s 2020 report to Parliament, assessing progress in reducing UK emissions over the past year. This year, the report includes new advice to the UK Government on securing a green and resilient recovery following the COVID-19 pandemic.Read more
Land use is changing in the UK and the services rendered by our rural landscape will expand dramatically in coming years.Read more
On 11th June, the Forestry Commission gave us our annual insight into tree planting volumes across England, Scotland, Wales and Northern Ireland for the 12 months from 1st April 2019 to 31st March 2020.Read more
Some great news for landowners in England looking to bid on an earlier than expected third auction with the WCaG, with some interesting results from the second auction from June 2020.Read more
Green Alliance policy insight dated in April 2020 into nature based carbon offsetting by airlines.Read more
The launch of CarbonStore provides sorely needed improvements to the services offered to both landowners and companies in the woodland carbon market.Read more
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