Registry fees
Fees for using the UK Land Carbon Registry
| Fee type | Payable by | Payable | Fees until 31 October 2024 | Fees from 1 November 2024 |
|---|---|---|---|---|
| Account opening - Project developers / proponents | N/A | N/A | Free | Free |
| Account opening - Corporate end users |
Corporate end user Account holder |
Prior to account opening |
£400 businesses £200 non-governmental organisations |
£400 businesses
£200 non-governmental organisations |
| Account opening - Traders or retail aggregators |
Trader or retail aggregator Account holder |
Prior to account opening | £750 | £750 |
| Annual account management - Traders or retail aggregators |
Trader or retail aggregator Account holder |
Annually on anniversary of account opening |
£750 | £750 |
| Pending Issuance Unit issuance | Project developer | At validation or subsequent verification if further Pending Issuance Units are issued |
£0.10 per unit (of which £0.05 per unit funds Scottish Forestry/IUCN UK Peatland Programme to support the standards)
|
£0.15 per unit (of which £0.10 per unit funds Scottish Forestry/IUCN UK Peatland Programme to support the standards) |
| Pending Issuance Unit to Woodland Carbon Unit conversion | Project developer | At each verification | Minimum fee £100, plus £0.05 per unit above 2,000 units, applied at group level if projects are grouped |
Minimum fee £100, plus £0.10 per unit for higher volumes** (of which £50 and £0.05 per unit for higher volumes funds Scottish Forestry/IUCN UK Peatland Programme to support the standards).
|
| Woodland Carbon Unit issuance (new Woodland Carbon Units issued at verification, without prior Pending Issuance Unit issuance) | Project developer | At each verification |
Minimum fee £100, plus £0.10 per unit for higher volumes** (of which £0.05 per unit funds Scottish Forestry/IUCN UK Peatland Programme to support the standards). |
Minimum £100, plus £0.15 per unit for higher volumes** (of which £50 and £0.10 per unit funds Scottish Forestry/IUCN UK Peatland Programme to support the standards).
|
|
Reinstating units assigned or retired in error (reported within 72 hours of assignment/retirement with evidence to confirm the error)
|
Account holder who instigated the assignment or retirement | As required | £90 for up to 10 blocks of credits | £90 for up to 10 blocks of credits |
** Note: At verification there is always a minimum fee of £100 payable. If the combined cost of Pending Issuance Unit conversion and/or Woodland Carbon Unit issuance exceeds £100, the charge is based on the actual unit issuance and conversion fees. The minimum fee is applied at group level where projects are grouped.
For example, if the total cost of conversion and issuance is £80, you will be charged £100. If the total cost of conversion and issuance is £120 you will be charged £120.
