The UK government has developed a standard which, by quantifying these benefits (it calculates the tons of CO₂e sequestered per hectare of woodland) and regulating the issuance of woodland-related carbon credits, creates a valuable, credible and saleable product (used by carbon-emitting organisations to offset their emissions) and an incentive for landowners to plant more trees.
The Woodland Carbon Code has also been granted international endorsement by ICROA, the International Carbon Reduction and Offset Alliance. Companies, which have bought carbon units issued and authorised by the WCC can therefore take confidence that their carbon credits meet all the standards required of international offsetting schemes.
The Purpose of the Woodland Carbon Code
As we explained earlier, landowners need an incentive to plant trees. They enjoy various potential uses for their land, such as livestock, dairy or arable farming and, being understandably keen to maximise the income generated from that land, need a convincing financial incentive to deploy it as woodland.
In the meantime, with technology still insufficient for companies to run their operations free of carbon emissions and many announcing net zero targets, there is a strong demand for “carbon credits” which allow companies to offset the unavoidable emissions which are generated by their factories, offices, company cars etc. Between companies looking to buy and landowners seeking to sell woodland carbon credits, robust regulatory oversight is necessary. Companies need to trust the sequestration claims of woodland-generated carbon credits i.e. that they represent the permanent removal of one tonne of CO₂e. Landowners also need clear, standardised guidance when calculating the number of units which they are allowed to sell to companies.
The Woodland Carbon Code provides this oversight. By outlining a consistent, uniform and rigorous set of procedures, inspections and practices which landowners must follow when applying for woodland carbon-related funding, it ensures companies can have confidence in the veracity and credibility of the woodland carbon credits they are buying.
You can find more information about the Woodland Carbon Code in our Carbon Codes section.
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.
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 2025
Productive Woodlands Must Play a Central Role in the Government’s Tree Planting Ambitions
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 woodland
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 […]
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 […]
Fourth Woodland Carbon Guarantee auction dates announced
£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 […]
Creating Woodlands For Cash, Carbon and Conservation in England
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 […]
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 […]
FCCWG Webinar -The Importance of Carbon in a Climate Emergency
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 […]
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. […]
Creating Woodlands for Cash, Carbon & Conservation Webinar
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 […]
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 […]
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 […]
World Wetlands Day – Restoring a globally important habitat
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 […]
The business of net-zero: Natural climate solutions – CLA Podcast
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 […]
CarbonStore Sponsor 2021 Tree Oscars to reward Climate Change Champion
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 […]
The Benefits of Nature-Based Solutions for Your Company and Its Environmental Goals
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 […]
Green carbon initiatives join forces to expand the UK market
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 […]
CarbonStore and The Woodland Carbon Code – Webinar Recording
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 […]
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.
A Unique Carbon-Offsetting Business Launches Today
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 […]
Reducing UK emissions: 2020 Progress Report to Parliament
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.
UK Woodland Creation in the Past 12 Months: We Still Have a Lot To Do…
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.
Pending Issuance Unit: A promise to deliver a Woodland Carbon Unit during a given period, based on the trees’ predicted growth
Woodland Carbon Unit: A ton of carbon dioxide which has been sequestered in a scheme verified under the Woodland Carbon Code
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