The Forestry Commission has announced that £10 million will be available in the second auction of the Woodland Carbon Guarantee (a £50 million scheme). This is an excellent scheme for land managers to get involved in and see more trees being planted in South Derbyshire as part of the woodland creation scheme.
Those who want to get involved need to sign up to the scheme by the 5th June, ahead of the next auction which will take place online from 8th to the 19th June.
The Woodland Carbon Guarantee is a £50 million scheme that aims to help accelerate woodland planting rates and remove carbon dioxide from the atmosphere. The National Forest which covers part of South Derbyshire but extends to Leicestershire, Staffordshire and other parts of Derbyshire have already been doing a fantastic jobs and have planted over 8.9 million trees in the last 25 years.
Successful participants will be offered the option to sell Woodland Carbon Units to the government over 35 years at a guaranteed price set by auction and protected against inflation, providing new income for land managers who help businesses compensate for their carbon emissions.
This announcement follows the success of the first auction which closed in February 2020 and saw 18 contracts offered by the Forestry Commission to help stimulate the creation of 182 hectares of new woodland, specifically to help combat climate change.
This is a great scheme to help offset carbon emissions and I would encourage land managers in South Derbyshire to get involved. The Countryside in South Derbyshire is some of the most beautiful in the UK especially with the National Forest and places like Poppy Wood in Melbourne on our doorstep, I hope this scheme will help create new woods and protect wildlife.