Apply by midnight on 11 October 2020

The Forestry Commission recently announced that £10 million will be available in the third auction of the Woodland Carbon Guarantee.  Launched in November 2019, the Woodland Carbon Guarantee is a £50 million scheme that aims to help accelerate woodland planting rates and permanently remove carbon dioxide from the atmosphere  Following an online auction process, successful bidders will be offered the option to sell woodland carbon in the form of Woodland Carbon Units – a financial value given to each tonne of carbon stored – to the government over 35 years at a guaranteed price protected against inflation.

Land managers and farmers across England are encouraged to submit their applications before the closing date at midnight on 11 October 2020.  The next auction which will take place online for one week between 26 October and 1 November.

In order to apply for the Woodland Carbon Guarantee, woodland creation projects will need to be registered with and managed under the Woodland Carbon Code.  Applicants should bear in mind that it can take 1-2 weeks to complete the Woodland Carbon Code registration and Woodland Carbon Guarantee application processes.  It is important to allow sufficient time for this ahead of the auction deadline.  However, this period can be shortened significantly by working with a project developer, the details of whom can be found on the Woodland Carbon Code website.

Matthew Willetts and Rob Stockley  are experts in WCC certification and have a dedicated a considerable amount of time to build up a strong knowledge of the WCaG process, supported by the team at the Forestry Commission.

If you would like to know more, please contact Matthew or Rob on 01536 408840 / info@lgluk.com

 

(News item originally included in Forestry Commission Grant and Regulations eAlert dated 02/09/2020)

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