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.
- The first auction was held January/February 2020 - 18 contracts were offered for the creation of 182 hectares of new woodland. The average price paid was £24.11 per Woodland Carbon Unit / tCO2.
- The second auction was held in June 2020 - up to £10 Million was available
- Register with the Woodland Carbon Code and the Guarantee now to enter the next auction.
Start your application by registering with the Woodland Carbon Code and see the Woodland Carbon Guarantee pages to find out how to apply to the guarantee and enter the second auction. If you don't have an account on the UK Woodland 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 the 5 June deadline. Existing project developers can add your project to their account and this will be much quicker.
Note that you can apply to sell Woodland Carbon Units to government alongside applying for grant (for example the Countryside Stewardship, Woodland Carbon Fund or HS2 Woodland Fund) provided the agreement was signed after 29 October 2018 and 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.
CASE STUDY: Read about the Mair family, who through Brown and Co as project developer, were successful in the first auction.
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Woodland Carbon Guarantee in England
Guaranteed income for delivery of verified Woodland Carbon Units in England over the next 30 years.
January 2019
The autumn budget statement announced that the government will set up a Woodland Carbon Guarantee scheme which will support the planting of around 10 million trees 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 over the next 3 decades. Accessing the guarantee will require the woodland to be validated and verified to the Woodland Carbon Code.
The Woodland Carbon Guarantee is due to open in summer 2019 and in the spring we will be asking for stakeholder input to help us create and implement the most effective scheme to really stimulate the woodland carbon market in the UK. If you have already applied for a woodland creation grant or intend to plant new woodland this winter, please note the following eligibility rules will apply;
New applications after 29/10/2018 and those in progress for Countryside Stewardship, the Woodland Carbon Fund or the HS2 Woodland Fund will be eligible to apply for the Carbon Guarantee;
Where an agreement offer has been signed prior to 29/10/18 (the date of the Autumn budget statement) the site will not be eligible to apply for the Carbon Guarantee;
The guarantee will not be available where planting has commenced or the project had registered with the Woodland Carbon Code before 29/10/2018.
Eligibility to apply for the Woodland Carbon Guarantee does not imply or confirm that Woodland Carbon Code additionality requirements will be met.
Do Contact Us if you have any queries.
