Land managers offered guaranteed income for tree planting after third auction of Woodland Carbon Guarantee is announced.
£10m available from the scheme’s £50m pot for farmers and land managers to create new woodlands to help tackle the effects of climate change.
Scheme gives land managers the option to sell Woodland Carbon Units to the government at a guaranteed price protected against inflation.
Previous auction helped stimulate 1,517 hectares of tree planting.
Farmers and land managers across England are encouraged to apply for the Woodland Carbon Guarantee scheme by 11 October, ahead of the next auction which will take place online between 26 October to 1 November.
The Woodland Carbon Guarantee is a Forestry Commission administered £50 million scheme that aims to help accelerate woodland planting rates and permanently remove carbon dioxide from the atmosphere.
New tree planting projects are eligible for long-term payments for the amount of carbon a new woodland will store, providing new income for farmers and land managers.
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Posted On: 24/08/2020