While woodlands sequester carbon dioxide from the atmosphere, they can also release it due to natural events (like pests, disease, extreme weather or fire) or through management (such as felling without replanting). Project managers must make every effort to ensure the claimed carbon store remains in the woodland for the duration of the project and beyond. This includes:
- Completing a risk assessment which identifies risks and appropriate mitigation strategies
- Managing the woodland sustainably
- Signing a statement committing them to:
o Restock if the management involves harvesting
o Replant if an area is lost to wind, fire, pest, disease or development
o Inform future landowners of their commitments to the Woodland Carbon Code
o Submit a loss report if there are any losses
The Woodland Carbon Code also retains 20% of Woodland Carbon Units from each project in a buffer. This protects the integrity of verified units and guarantees that units sold are a permanent emissions reduction.
Each project contributes 20% of their verified units to the buffer at each verification. If a project confirms a reversal (a reduction in carbon stock between one verification and the next), then units from the buffer will be cancelled to make up for this. Project developers may need to repay what they have borrowed from the buffer, depending on the nature of the loss.
See 2.3 management of risks and permanence.