Woodland Carbon Guarantee
Guaranteed income for delivery of verified Woodland Carbon Units in England over the next 30 years.
The Government in England launched the Woodland Carbon Guarantee in November 2019. It supports woodland creation in England by spending £50m over 30 years to purchase Woodland Carbon Units.
This is a great opportunity for landowners considering creating woodland in England over the next few years. Successful applicants will benefit from a guaranteed income upon delivery of verified Woodland Carbon Units every 5 or 10 years up to 2055/56. The price will be agreed through an auction. Accessing the guarantee will require the woodland to be validated and verified to the Woodland Carbon Code.
Applicants offered a contract to sell to government are still free to sell their credits on the open market if the timing or price is more advantageous.
There have been three auctions so far. Here's the results of the auctions to date. The third auction featured a new design whereby 75% of the available budget was ring-fenced for 'predominantly native woodland' projects.
|Area successful bids||Ave price successful bids|
First auction - Jan/Feb 2020
|Second auction - June 2020||77||27||1,517ha||£19.71|
|Third auction - October 2020||46||31||620ha||£17.31|
Fourth Auction - 26 July - 1 August
- If you don't have an account on the UK Land Carbon Registry, it could take up to 2 weeks to open an account, and register your project with the WCC and the Guarantee. Please allow sufficient time ahead of any auction deadline.
- Existing project developers can add your project to their account and this will be much quicker.
- Read The 'Guide to the fourth auction'
Note that you can apply for the option to sell Woodland Carbon Units to government alongside applying for grant (for example the Countryside Stewardship, Woodland Carbon Fund or HS2 Woodland Fund) provided you haven't yet started to plant your woodland. You also need to meet all the eligiblity criteria of the Woodland Carbon Code, including additionality.