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Forest Carbon completes Defra research project

Posted on Friday, January, 1st, 2016

Throughout 2015 Forest Carbon’s Steve Prior was working with academic Andrew Moxey on a project for Defra developing financial models to assess the efficacy of peatland restoration for climate change mitigation. The final report, which also contains chapters by others on the contribution peatland makes to the national natural capital account, and metrics for estimating the carbon savings from restored peat, was published by Defra on 19th January. One of the key objectives of the research was to establish whether the Peatland Code, akin to the Woodland Carbon Code, is viable.

Peatlands represent the most significant terrestrial carbon store in the UK and maintaining them or restoring them to good condition is important. Peatland restoration for habitat provision and biodiversity, water quality and carbon benefits is increasing, funded by Government initiatives, agri-environment schemes, European funding streams, water companies and the Heritage Lottery Fund. A Peatland Code is being developed as an additional or alternative funding source: a mechanism for businesses to directly sponsor peatland restoration for carbon benefits. The Peatland Code is intended to provide the voluntary standard for peatland restoration projects in the UK to ensure restoration projects deliver tangible climate change mitigation benefits. For the Code to be successful it needs to be founded upon strong scientific and economic evidence to ensure it is attractive to potential investors, peatland managers, and landowners.

Steve and Andrew concluded that:

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