Is the UK carbon market stuck?
Hosted by Turcan Connell, Caledonian Climate will be joining some fantastic speakers on the 30th November for a carbon seminar, unpicking the question: "Is the UK carbon market stuck and how will the market scale-up to meet targets?"
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DATE |
Wednesday 30th November |
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TIMINGS |
10.30am - 11.30am |
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Location |
Online on Zoom - |
From the invitation (download HERE):
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The UK carbon market has developed over recent years – particularly as businesses strive towards net zero targets. Owners of rural land have been at the sharp end of providing nature based solutions to the climate emergency through the creation of carbon units. The buyers of rural land (to facilitate nature based solutions) have become more sophisticated. Prices of land have increased significantly because of the potential to create carbon units. And so the price of a unit of carbon itself is on the up. Turcan Connell Partner, Don Macleod, is at the forefront of the UK market – advising carbon project developers, carbon buyers, land-owners, forestry investors and businesses developing carbon trading platforms. “The UK market has definitely come on in leaps since the unit of carbon was first sold in Scotland many years ago. As the price of a unit of carbon has increased, contracts and expectations have become more sophisticated. There are now some good answers to questions of long term responsibilities. Issues of law and contracts are developing to assist with the ease of buying and selling units. However, the gulf is still vast between the number of carbon units actually traded in the UK on an annual basis and the number of units that commentators say need to be traded to meet targets. There are still issues, and some say the development of the market is too slow.” |
For more information on this article, please contact:
Freddie Ingleby
Managing Director
+44 (0) 7840 998 944
freddie@caledonianclimate.com
About Caledonian Climate
Working responsibly with the custodians of Scotland’s beautiful countryside, Caledonian Climate is committed to tackling the twin crises of climate change and biodiversity loss.
To achieve this, we talk to forward-thinking businesses who want to fulfil their ambitions for carbon emission reductions through high-quality carbon credits with multiple co-benefits. We then partner them with landholders in the Scottish Highlands, maximising the ecological value and sustainability of their estates.
Building on our significant experience, and guided by a distinguished Advisory Board, Caledonian Climate is delivering the benchmark for long-term restoration of Scotland's degraded peatlands, locking away the carbon for good.
Our work also enhances biodiversity, improves water quality, boosts local economies and creates a compelling story for all of our partners to share.