Woodland and Peatland carbon codes are well developed, and we can guide you through the process of entering into these agreements.
There are currently opportunities to receive payments for reducing emissions and sequestering carbon. The market currently shows a large range in offered carbon sale values, opportunity for sequestration and length of agreement, to name a few.
We can offer advice using experience gained through research and on farm trials, bringing clarity to decision making when exploring Carbon Offsetting.
Services we offer in this area are:
- Tailored farm Carbon Audit.
- Carbon Reduction Strategy.
- Monetisation Advice.
What is the minimum/maximum time commitment of a carbon payment scheme?
Of the schemes currently available the minimum commitment can range from no hard commitment to 25 years. Higher payments per tC02e are proposed in the longer-term schemes.
Can I receive multiple payments for different actions on the same piece of land?
Although payments for different actions can be achievable on the same piece of land, carbon payments rely on ‘additionality’ to make a worthwhile difference. This means when receiving payment for an action in one payment scheme you are unlikely to receive funding for the same action from another private payment scheme.
This also means you will likely be required to make a change from current practice to command a payment.
Carbon prices are likely to increase, should I wait to enter into an agreement?
This will vary depending upon the terms of each agreement on offer, it would not be advisable to enter into an agreement now where the carbon price is set for the whole agreement.
If I enter into an agreement now, will I restrict myself from selling carbon in the future?
You are less likely to restrict yourself so long as you don’t sell your carbon forwards, a lot of those entering the woodland carbon code sell a proportion of the carbon up front in order to recoup some of the capital expenditure for the trees.
You may however, in the future, be considered unsuitable for meeting additionality requirements if you would like to be considered for a different agreement down the line.
Can I enter into a carbon scheme alongside the Sustainable Farming Incentive (SFI)?
Different offers have differing opinions on this. We would advise it is very unlikely you could receive carbon payments funded by private organisations as well as SFI payments. This position could change as the SFI scheme changes throughout the pilot.
What data will be used to generate carbon credits/certificated for sale?
Some schemes are based upon a reduction in emissions and potential sequestration, these require:
- Tillage Practice (No, Min, Conventional)
- Cover Cropping Practice (Yes/No)
- Historic Land Changes (Permanent Grassland to Arable etc.)
- Annual Crop Inputs
- Annual Machinery Operations (Fertiliser, Sprays, Manure)
- Residue Management (Straw Baled/Chopped etc)
- Soil Characteristics
- Latest Soil Sample for Organic Matter Reading
Schemes that pay you for the carbon physically sequestered in your soil will require periodic (2-5 years) soil sampling at 2/3 depths in your soil to base your payments on.
What is the difference between carbon credits and carbon certificates?
Carbon certificates do not give the purchasing company the “right to pollute” so cannot be used to “offset pollution” in other industries. Carbon certificates are purchased by companies who want to encourage decarbonisation. This could be targeted within a specific supply chain or region.