Scottish Woodlands have been involved with Woodland Carbon since 2014 and have an established track record of securing Woodland Carbon investment opportunities for our clients. We have successfully taken forward schemes ranging from just a few hectares to many hundreds and both native woodland and commercial conifers.
Woodland Carbon is tradable and has a value.
- Carbon sold when the trees are planted can provide additional income to get a new planting scheme ‘over the line’ financially.
- Alternatively, we can secure for our clients an opportunity for future income that would otherwise be missed.
We offer the full range of forestry services and have the necessary skills and expertise to ensure the carbon opportunity in your new woodland investment is developed and the potential maximised.
Woodland Carbon Code
The Woodland Carbon Code is a government scheme administered by Scottish Forestry but available UK wide. The Code allows the owners of new woodland planting schemes to calculate the total carbon sequestration their woodland will achieve over the lifetime of the trees. The planting scheme must then be validated by a third party but once this is done Pre-Issuance Units (PIUs) are generated. PIUs have a value and may be sold but may not be used in an offsetting calculation until the trees have grown and the carbon sequestration verified. Verification allows the PIUs to be converted to Woodland Carbon Units which may be used to offset emissions elsewhere. Woodland Carbon Code schemes may last between 35 and 100 years.
If the carbon is sold as PIUs there would be a long-term contract between the owner and a third party. This may limit what the owner can do with the woodland.
The Woodland Carbon Guarantee
The Woodland Carbon Guarantee is available for woodland planting in England only. It provides a guaranteed index linked price for verified Woodland Carbon Units (WCUs), until 2055. If an owner prefers, units can still be sold on the open market rather than to the government. It operates by reverse auction with various auction rounds throughout the year.
The Peatland Code
The Peatland Code works in a similar way to the Woodland Carbon Code. Where an owner has an area of peat, we may be able to work up an integrated woodland and peatland carbon scheme.
As is our ethos, we act solely on behalf of our woodland clients and will provide sound advice to secure their carbon opportunity. It is important that our clients fully understand both the financial advantages and restrictions of selling woodland carbon and the options to either sell their carbon, hold it as part of their wider woodland investment or use it for their own offsetting purposes. We put silviculture first to ensure that the woodland investment is not compromised by the long-term carbon commitment.
There are a range of potential carbon purchasers, but we are not carbon brokers, so we are free to advise our clients without any conflict of interest. We are up front about our charges and clients will know exactly what they are paying for.
Making an application to the Woodland Carbon Code is not straightforward but we will take your project through the application process and keep you informed of progress.
For more information please download our brochure.