5. How do I sell carbon units?

When can I sell my units?

1. Find a buyer

2. Receive payment for your units

3. Transfer or assign/retire carbon units to your buyer

When can I sell my units?

Only verified Woodland Carbon Units can be used to compensate for emissions/ as an offset, but Pending Issuance Units can be used to help a company plan to be Net Zero by a given date, or at some point in the future.  See the claims that companies can make.

Once your project is validated, and your Pending Issuance Units are listed in the registry, you have a 'product' to sell.  In theory you could complete valdiation as soon as the trees are planted.  The Units have a 'Vintage'/timestamp as to when they will be delivered. Some project developers sell all the carbon from a project to one buyer, others sell smaller amounts of a particular 'vintage' to different buyers.  Some project developers might choose to wait to sell verified Woodland Carbon Units after each verification.

1. How do I find a buyer?

There are a number of ways to find a corporate buyer:

  • Ask local businesses or those which you have business links with
  • Once your project is validated, we'll add you to the list of project developers with units available to sell.  We'll add a case study if you can provide text/pictures.
  • Offer your units 'for sale' on the 'Request for Information' Platform within the UK Woodland Carbon Registry
  • Ask one of the carbon resellers listed below.  These companies have corporate clients looking to address sustinability and reduce their net GHG emissions.

In England only, it is also possible to sell your carbon units to Government, as they are verified.  If you would like to have the option to sell your carbon units to Government, you need to register with the WCC and enter an auction, under the Woodland Carbon Guarantee, BEFORE you have started planting.  Find out about the next auction here.

 

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2. Receive payment for your units

Agree a price with a buyer and receive payment 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.

Voluntary carbon units are not a VAT-able commodity, so you do not need to charge VAT.

3. Transfer or assign/retire units to your buyer

Larger volumes? - Buyer has own account? 

Buyers of larger volumes can open an account on the UK Woodland Carbon Registry to manage their purchased carbon units.  If a buyer has an account on the registry, they have more flexibility to manage their own units and to use/retire them when they 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).  Their carbon units will also be visible on the 'Holdings' page of the UK Woodland Carbon Registry.  Where buyers have accounts, you can transfer units to their account (similar to transferring cash in internet banking).

Smaller volumes? Assign or Retire units on your buyer's behalf

If your buyer does not have or want their own account, then you can 'assign' Pending Issuance Units or 'retire' Woodland Carbon Units in your buyer's name, with a 'tag' indicating the buyer's name and a comment as to the intention.  It's less easy for the buyer to see all their purchases in one place, but they do not need to manage an account. The units are then effectively taken out of your account/circulation.

  • ‘Assign’ Pending Issuance Units:  Your buyer will be able to see their units on the 'Assigned Credits' page of the registry with their name against them, and these units will be automatically ‘retired’ when verified, assuming the sequestration has occurred.
  • ‘Retire’ verified Woodland Carbon Units:  Your buyer will be able to see their units on the 'Retired Credits' page of the registry, with their name against them, and they can refer to this page when they declare their use in an annual GHG emissions report

Woodland Carbon Guarantee

Two auctions have now taken place.  Register with the WCC and the Guarantee now, to enter the next auction.

Register with the Woodland Carbon Code now and Find out more about how to apply for the option to sell Woodland Carbon Units to goverment (England only).

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