How to buy woodland carbon units
Companies can compensate for their UK-based emissions using carbon units from WCC projects, but not for their emissions overseas or emissions from international aviation or shipping. Units can be purchased from Project Developers, this page sets out what you need to do to make a purchase. Units are housed in the UK Land Carbon Registry.
Larger volumes? Open your own account
Buyers of larger volumes can open an account on the UK Land Carbon Registry to manage their purchased carbon units. With this account you can buy both Woodland Carbon Units and Peatland Carbon Units. If you have an account on the registry, you have more flexibility to manage your own units and to use/retire them when you are ready or wish to do so, but there is a fee to open an account (£400 for private companies and £200 for government/ charities), this option is useful for buyers purchasing larger volumes of credits.
Smaller volumes? Ask a project developer to 'assign' or 'retire' units in your name
For buyers smaller volumes, the project developer can ‘tag’ units with your name to confirm the purchase, without you needing to have your own account, but it’s less easy to see all your purchases in one place. Any units purchased upfront as Pending Issuance Units will automatically be 'retired' once verified, assuming the seuqestration has occurred.
Find the units you would like to buy in one of these ways:
- View the list of project developers with either verified Woodalnd Carbon Units or validated Pending Issuace Units to sell.
- Contact a project developer from the list to talk about your needs, and projects they have in the development stages that may be a good match for your business.
- View the 'Holdings' page in the UK Land Carbon Registry to see who has carbon units in their account, and contact the account holder.
- If you have an account on the UK Land Carbon Registry, see which units are advertised ‘for sale’ on the Request for Information (RFI) Platform, when you are logged into your account.
Once you've found carbon units you'd like to buy, you need to agree a price with the project developer and pay for your units. The price varies, depending upon the costs of creating and managing the woodland and the range of benefits that it provides. Within the UK, companies are paying between £7 and £20 /tCO2 for purchases of Pending Issuance Units. As only a small number of verified Woodland Carbon Units have been sold, we cannot yet say whether the price for these differs.
The project developer will confirm your purchase in one of two ways:
- If you have an account on the UK Land Carbon Registry, the project developer will transfer the carbon units purchased to your account. You can see all the units you purchased (both from the Woodland Carbon Code and Peatland Code) in one place, and can retire verified Woodland Carbon Units when you are ready to use them against your GHG emissions.
- If you don’t want to setup an account, the project developer can:
- ‘Assign’ Pending Issuance Units to you (You will be able to see your units on the 'Assigned Credits' page with your name against them, and these units will be automatically ‘retired’ if and when they are verified)
- ‘Retire’ verified Woodland Carbon Units on your behalf (You will be able to see your units on the 'Retired Credits' page, and you can refer to this page when you declare their use in your annual GHG emissions report)