Budget 2018 - Woodland Carbon Guarantee

Posted on Wednesday, October, 31st, 2018

We were delighted to hear in yesterday's budget that the government plans to support the UK forest carbon market with a £50m woodland carbon fund - designed to give more landowners the confidence that there will be a market for their carbon credits should they plant a woodland that they otherwise would not have planted. The idea had been floated at the Forestry Commission - developers of the the Woodland Carbon Code - some years ago and it is the work of Forest Carbon and the commitment of our partners that has convinced the Commission and its parent ministry - Defra - that the market can work, and that businesses are interested in supporting woodland creation as part of their CSR and carbon strategies.

The full details of the scheme are yet to be finalised, but we will be supporting Defra and the Treasury in its design. We do know that the £50m, initially at least, will be for carbon credits that will be delivered by new woodlands over the next 30 years. This is in line with the end of the current Climate Change Act commitment period (80% emissions reduction by 2050 over 1990 levels).

We'll keep you posted.

News & Articles

New carbon and energy reporting rules may be coming your way

Feb 12, 2019

What now?

Announced in July last year but coming into force for financial years starting after April 1st this year a new set of carbon and energy reporting rules are just around the corner for many businesses. Called the Streamlined Energy and Carbon Reporting framework (SECR) the scheme will replace the old Carbon Reduction Commitment (CRC) and Mandatory Carbon Reporting (MCR).

Does this change affect your business?

SECR will apply to around 12,000 companies, which is more than double the numb...

Read More

Benefits rooted in science

Dec 05, 2018

Speaking recently at the Science Museum in London on climate change projections, Michael Gove, the Environment Secretary, was clear that ‘Everything we do at Defra has to be rooted in science.’ He also spoke about woodland as a ‘critical natural asset’ both for helping to mitigate the projected impact on flooding and to sequester carbon.

Days later a BBC News website critique of options for removing carbon from the atmosphere, advised ‘Forests do the job of soaking up carbon dioxide, because the...

Read More

First Peatland Code validation awarded

Nov 01, 2018

This September the first Peatland Code registered restoration project achieved validation. The peatland restoration project, at Dryhope in Scotland, was piloted through the process by Forest Carbon.

George Hepburne Scott at Forest Carbon, who developed the project alongside the Tweed Forum and Scottish Natural Heritage, said “this project highlighted the importance of working collaboratively with a range of organisations to unlock private and public funding to deliver much needed peatland restor...

Read More

New carbon and energy reporting rules may be coming your way

Feb 12, 2019

What now?

Announced in July last year but coming into force for financial years starting after April 1st this year a new set of carbon and energy reporting rules are just around the corner for many businesses. Called the Streamlined Energy and Carbon Reporting framework (SECR) the scheme will replace the old Carbon Reduction Commitment (CRC) and Mandatory Carbon Reporting (MCR).

Does this change affect your business?

SECR will apply to around 12,000 companies, which is more than double the numb...

Read More

Benefits rooted in science

Dec 05, 2018

Speaking recently at the Science Museum in London on climate change projections, Michael Gove, the Environment Secretary, was clear that ‘Everything we do at Defra has to be rooted in science.’ He also spoke about woodland as a ‘critical natural asset’ both for helping to mitigate the projected impact on flooding and to sequester carbon.

Days later a BBC News website critique of options for removing carbon from the atmosphere, advised ‘Forests do the job of soaking up carbon dioxide, because the...

Read More