Woodland Carbon Guarantee
Guaranteed income for delivery of verified Woodland Carbon Units in England over the next 30 years.
The Government in England launched the Woodland Carbon Guarantee in November 2019. It supports woodland creation in England by spending £50m over 30 years to purchase Woodland Carbon Units.
This is a great opportunity for landowners considering creating woodland in England over the next few years. Successful applicants will benefit from a guaranteed income upon delivery of verified Woodland Carbon Units every 5 or 10 years up to 2055/56. The price will be agreed through an auction. Accessing the guarantee will require the woodland to be validated and verified to the Woodland Carbon Code.
Applicants offered a contract to sell to government are still free to sell their credits on the open market if the timing or price is more advantageous.
There have been four auctions so far. Here's the results of the auctions to date.
|Area successful bids (ha)||Ave price successful bids (weighted by no of WCU)|
Auction 1 - Jan/Feb 2020
|Auction 2 - June 2020||77||27||1,517||£19.71|
|Auction 3 - October 2020||46||31||620||£17.31|
|Auction 4: August 2021||23||19||331||£18.62|
Auction 5: In May 2022. Exact Dates to be confirmed
The fifth auction will take place in May 2022. In advance, you can still Register with the Woodland Carbon Code and apply to the Woodland Carbon Guarantee for the next auction. You can't enter the auction if any work has started onsite.
- If you don't have an account on the UK Land Carbon Registry, it could take up to 2 weeks to open an account, and register your project with the WCC and the Guarantee. Please allow sufficient time ahead of any auction deadline.
- Existing project developers can add your project to their account and this will be much quicker.
- Read The 'Guide to the fourth auction'
Note that you can apply for the option to sell Woodland Carbon Units to government alongside applying for grant (for example the Countryside Stewardship, Woodland Carbon Fund or HS2 Woodland Fund) provided you haven't yet started to plant your woodland. You also need to meet all the eligiblity criteria of the Woodland Carbon Code, including additionality.