Supporting the Woodland Carbon Market

29 September 2022

The Woodland Carbon Code is complicated. It uses many acronyms and much jargon. It requires a large volume of paperwork and two quite detailed spreadsheets to be completed.

There are (at least) three legal agreements to be signed, relating to the Code, the group agreement and the corporate buying the carbon units. Finally, the UK Land Carbon Registry can seem puzzling.

The development of the woodland carbon market also represents the evolution of a new and significant trend. Until now, there has been little overlap between the rural and urban economies; the two sectors have operated in broadly separate spheres.

However, the woodland carbon market, by facilitating the flow of money from mainly urban-based companies into the rural economy, with the former securing the services of the latter, represents a growing interconnection between these two disparate sectors.

At CarbonStore, we have designed our services specifically to meet these various requirements:

We can help landowners gather and complete the lengthy and complicated documents and spreadsheets necessary to register, validate and verify a project under the Woodland Carbon Code.

ii) Act as Project Developer for Schemes Registered under the Woodland Carbon Code

This is a more involved relationship. We help gather and complete the documents but we also undertake the commitments relating to those of a Project Developer, such as maintaining verification. It also involves representing the landowner’s interests on the Land Carbon Registry.

iii) Co-ordinate Group Schemes and Act as Group Project Manager

As we have seen, group schemes represent an opportunity for landowners to significantly reduce their costs of validation and verification. Our knowledge of the Code, our experienced team and the volume of projects which we handle enables us to provide an efficient and effective Group Manager service.

iv) Arranging the Sale and Purchase of PIUs and WCUs by Landowners and Companies

CarbonStore has strong connections in both the rural and corporate sectors. With feet firmly established in both camps, we are ideally placed to help landowners sell their PIUs or WCUs and companies to buy them.

The variety of schemes available means we have a strong offering for companies seeking to buy carbon credits. That, in turn generates more interest from companies who have confidence in our ability to help them fulfil their offsetting requirements.

How can CarbonStore help?

CarbonStore would be delighted to help you deliver a woodland-based carbon mitigation project that not only achieves the highest possible standards in carbon offsetting but also offers many widespread benefits which we can all enjoy.

Please contact David McCulloch, the head of CarbonStore, personally either by email (david.mcculloch@carbonstoreuk.com) or by phone (07500 950832).

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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