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UK Woodland Carbon Units

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UK Woodland Carbon Units Woodland Carbon Further information A buyers’ guide to • Visit www.forestry.gov.uk/carboncode Code • View the WCC Projects on Markit’s Public View, The Woodland Carbon growing trees. Backed by and open an account at www.markit.com/ Woodland Code (WCC) is the government, forest industry product/registry standard for woodland and carbon market experts, creation projects in the UK the code is unique in • Email [email protected] Carbon which generate verifiable providing woodland carbon • Join the LinkedIn ‘Woodland Carbon’ group Woodland Carbon Units. right here in the UK. Buying These are measurable carbon from these projects amounts of carbon dioxide brings many benefits Units (CO2) removed from the in addition to carbon atmosphere by the sequestration. The Forestry Commission will Buy units from a Woodland consider all requests to make Carbon Code project and A Woodland Carbon Unit (WCU) the content of publications your company can: is a tonne of CO2 which verified, is guaranteed to be available in alternative formats. • Make a real contribution to tackling has been sequestered in a there, and can be used to climate change WCC-certified woodland. report against emissions as Please send any such requests to • Report Woodland Carbon Units It has been independently soon as it is purchased. against its emissions [email protected] • Choose projects which provide enhanced A Pending Issuance Unit (PIU) or call 0131 314 6575. social and environmental benefits is effectively a ‘promise Every 10 years, projects are to deliver’ a Woodland checked and, if performing Carbon Unit during a well, verified. At that point given period, based on the PIUs are converted to predicted tree growth. WCUs. PIUs are available The Woodland Carbon Code is an initiative led by the Forestry Commission and supported by a Carbon Advisory It is not ‘guaranteed’, now from a growing Group of UK forest industry and carbon market experts. and cannot be used to number of projects, and the report against emissions first WCUs will be available FCCCO3/KINSDOWN/KINGSDOWN/10k/FEB14 until verified. However, it in 2016. allows companies to plan to compensate for future emissions. Market Value ® The average global price of the project. See ‘State of of woodland carbon in the Forest Carbon Market’ January 2014 was £6/tCO2, reports at although there was wide www.forestcarbonportal. variation around this figure, com. depending on the nature forestry.gov.uk/carboncode idcs6 WCC investors.indd 1 3/4/14 9:47 AM Case Studies Business benefits BWOC Mark Wayne, Managing Thorlux lighting Mike Allcock, Managing WCC projects create real and Funding a WCC Fuel distributor BWOC has Director, When manufacturing firm Director, said: verifiable carbon units. woodland can also helped to create four new is particularly excited Thorlux Lighting decided to find “It’s particularly pleasing help your business to woodlands in England and by this aspect of the a way of compensating for some that this woodland will be These can be bought and meet other corporate project: “I loved the idea of the unavoidable emissions Scotland which will capture contributing towards a used by businesses wishing responsibility objectives more than 20,000 tonnes of of contributing to the arising from its production to reduce their impact on the and enhance its reputation. process, it went one step further number of climate change CO2 over the decades creation of a woodland global climate and cost- than buying carbon units. It targets. The scheme dem- to come. which can ensure its own onstrates that we recognise effectively compensate for Woodlands can improve air bought land at Cwm Fagor in permanence through the the carbon emissions from their emissions. quality and provide wildlife Wales and created almost 30 One of these, Cranborne, sustainable extraction of Thorlux Lighting and the FW habitat, timber and woodfuel hectares of native woodland. is BWOC’s first foray into timber, and also the fact Thorpe Group, and it will It now owns a resource which As a business manager, you as well as sites for public productive forestry. that most of the timber also help the Welsh Gov- will sequester more than 15,000 will only want to buy units recreation. It will be managed on a extracted would still be ernment’s target to increase tCO over the next 100 years. The from carbon-capture projects “continuous-cover” basis, locking up carbon in 2 the area of woodland. new woodland will also if you feel confident that the In the right places, they can using natural regeneration wood products.” produce quality timber, link up woodlands will be well reduce flooding and improve and selective harvesting “Our manufacturing pro- valuable wildlife habitats and managed and really will water quality. to ensure that tree cover cesses will always produce add to the network of local emissions, and these can capture the CO2 claimed. is always maintained, footpaths. be calculated. We also help They can also provide comprising trees of all ages. Verification against the opportunities for community our customers minimise Woodland Carbon Code engagement and staff their emissions by selling meets this need by providing volunteering, education extremely efficient lighting the evidence. and development. and electronic control sys- tems, but a small amount of energy use is inevitable. You can also be reassured By opening our scheme to that you can track the our customers we are purchase, ownership and enabling them to purchase use of credits on a highly Well known tree plantings to compen- respected registry. companies which have sate for the emissions they bought PIUs include: generate by using our Marks and Spencer The Green Investment Bank products. BWOC “Contributing to our Thorlux Lighting woodland offers them Mears Group Stagecoach the chance to do the right ® thing in partnership with a company committed to the environment. We hope, too, that the added credibility of government recognition will further encourage custom- ers to join our environmen- tal initiative.” idcs6 WCC investors.indd 2 3/4/14 9:47 AM.
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