£10m to boost tree planting in second auction of Woodland Carbon Guarantee

Written by Charlotte Cunningham

The Forestry Commission has today (14 Apr) announced that £10m will be available in the second auction of the Woodland Carbon Guarantee. Charlotte Cunningham reports. 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. Land managers across England are being encouraged to sign up to the scheme by 5 June, ahead of the next auction which will take place online from 8 to 19 June. Successful participants will be offered the option to sell Woodland Carbon Units to the government over 35 years at a guaranteed price set by auction and protected against inflation, providing new income for land managers who help businesses compensate for their carbon emissions. This announcement follows the success of the first auction which closed in February 2020 and saw 18 contracts offered by the Forestry Commission to help stimulate the creation of 182 hectares of new woodland, specifically to help combat climate change. Sir William Worsley, chair of the Forestry Commission, said: “The Woodland Carbon Guarantee is the first scheme of its kind to provide land managers with long-term certainty of a guaranteed payment rate…
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[farmerm]

By what definition is 35years permanent?? What after 35 years of taking carbon credit payments will the owner be free to fell the woodland, chip the timber and release the carbon again..... How does planting woodland "permanently" remove carbon from the atmosphere, If the government are serious about it they should buy the land and create new national forests. Surprised the government are not using the same approach with HS2 purchases.. rather than buying the asset, rent it from the deed holder for 35 years, at the end of the term the deeds remain in the hands of the owner, they get no further payment but neither can they reoccupy it!! In the league table of mans greatest inventions this scheme would appear to sit close to the left handed hammer and the chocolate teapot.