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Woodland Carbon Guarantee Funding

Woodland Carbon Guarantee Funding
15 April 2020 No comments

Farmers and land managers can apply for the Woodland Carbon Guarantee scheme to create new woodlands that help tackle the effects of climate change. The Forestry Commission has announced that £10m will be available in the second auction of the Woodland Carbon Guarantee.

Land managers across England are encouraged to sign up to the scheme by 5 June, ahead of the next auction which will take place online from 8 to 19 June.

Launched in November 2019, the Woodland Carbon Guarantee is a £50 million scheme that aims to help accelerate woodland planting rates and permanently remove carbon dioxide from the atmosphere.

Successful participants will be offered the option to sell Woodland Carbon Units to the government over 35 years at a guaranteed price set by auction and protected against inflation, providing new income for land managers who help businesses compensate for their carbon emissions.

It is the first scheme of its kind to provide land managers with long-term certainty of a guaranteed payment rate for carbon, which their trees lock up and store.

In addition to providing long-term income support to land managers for creating new woodland, the scheme aims to play an important role in developing the domestic carbon market in future.

Find out more and apply here:

https://www.gov.uk/government/news/10m-to-boost-tree-planting-in-second-auction-of-woodland-carbon-guarantee