Woodland Carbon Guarantee
Guaranteed income for delivery of verified Woodland Carbon Units in England over the next 30 years.
The autumn budget statement announced that the government will set up a Woodland Carbon Guarantee 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. 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.
After useful stakeholder input in the first half of the 2019, details of the application process and the first auction will be given later this year. Sign up to the Woodland Carbon Code now to be ready when the guarantee opens.
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 to projects registered with the Woodland Carbon Code before 29/10/2018
- The guarantee will not be available where planting or ground preparation works have commenced prior to any guarantee contract being agreed with government.
Eligibility to apply for the Woodland Carbon Guarantee does not imply or confirm that Woodland Carbon Code additionality requirements will be met.