Carbon market open for business

UK businesses can now instantly reduce their carbon footprints by purchasing credits created by forestry projects.

Under the Woodland Carbon Code, companies looking to compensate for any unavoidable UK-based emissions and reduce their impact on the global climate can buy credits from carbon forestry projects.

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Version 2.0 of the WCC launched:

  • Woodland Carbon Code Version 2.0 launched:
    • Widened the definition of a 'single project'
    • Integrated 'small woods' process - A group can contain both 'standard' and 'small' projects.
    • Integrated verification process
    • New section 1.4 Conformance with the UK Forestry Standard
    • 1.6 New Additionality Spreadsheet
    • 2.1 Combined sections on landowner and group manager commitments
    • 2.2 Clarified mapping rules
    • 2.3 Change to 'single rate' 20% WCC Buffer contribution
    • 2.4 Separate consultation section (moved from 5 Social Responsibility)
    • 2.6 Clarified registry use including new 'assignment' function
    • 2.7 Removed required to list carbon buyers in PDD
    • 4 Environmental Quality and 5 Social Responsibility - Links to the WCC Woodland Benefits Tool to assess wider benefits.
  • Documents (Project Design Document V2.0, Project Progress Report V2.0):
    • Updated versions of both documents which can be used for either a single project or a group.  After 08 June 2018 all documents submitted to validator/verifier have to be on new templates. 
    • New Additionality Spreadsheet available.
  • Carbon Calculation:
    • Updated WCC Carbon Lookup Tables V2.0 and WCC Carbon Calculation Spreadsheet V2.0 & Guidance.  Existing project developers need to use/download the new versions of both.
    • Updated Carbon Assessment Protocol V2.0.  Anyone conducting a year 15 monitoring survey will need to consult this version.
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Exciting times for woodland carbon projects

A young woodland in West Lothian, Scotland, has become the first project in the UK to be ‘verified’ as continuing to meet the standards of the Woodland Carbon Code after ‘passing’ its first five-yearly progress inspection. News Release

UK Woodland Carbon goes on sale for the first time

The first units of carbon dioxide set to be sequestered, or removed from the atmosphere, by woodlands validated under the UK’s Woodland Carbon Code have been notified for sale for the first time as National Climate Week gets under way. News Release

Woodland Carbon Code Annual Update

  • Woodland Carbon Code V1.2 released;
    • new section 1.0 Commitment,
    • changes section 1.1 date definitions,
    • changes section 2.1 Registry to reflect move to Markit Environmental Registry,
    • changes to section 2.5 Management of Group Schemes to reflect new group scheme guidance,
    • changes to Section 2.6 Monitoring regarding timing of first verification,
    • changes to section 2.7 Carbon Statements and Reporting to reflect move to new registry and for clarity
  • Project Design Document:  New versions of both the single project and group PDDs mainly to reflect move to Markit Environmental Registry.  You must submit PDD to CBs on the new version after 31/10/2013.
  • Carbon Calculation Examples:  New versions of examples including a new table to show PIU listing by vintage (to copy to PDD).

UK Woodland Carbon Code launched on Markit Environmental Registry

UK Woodland Carbon Code launched on Markit Environmental Registry, enhancing transparency and accountability in the trade in British Woodland Carbon Units.  Carbon dioxide (CO2) sequestered, or absorbed, by WCC-validated woodlands in the UK can be traded, and the development enables changes of ownership of each tonne to be tracked. The registry will also record when projects are registered and credits are listed, and when carbon units have been “used” by a company in its carbon account. News release.

Group validation scheme opens to all

Creating new woodlands to help combat climate change has been made easier with the launch of a Woodland Carbon Code group validation scheme.  Now open to new applicants, the group scheme allows several tree-planting projects to be validated together, thereby making possible potentially significant cost savings. News release.

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Woodland Carbon Guarantee

4 November:  Woodland Carbon Guarantee Launched in England.

Find out more about how to apply for the option to sell Woodland Carbon Units to goverment (England only).

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