Woodland carbon code launched on Markit
The woodland carbon code (WCC) has been launched on the Markit environmental registry, the platform that enables account holders to manage all their environmental credits
Launching on the registry will enhance the transparency and accountability of UK woodland carbon units, says the Forestry Commission, which administers the code.
Carbon dioxide – either sequestered or absorbed – by WCC-validated woodlands in the UK can be traded, and the codes presence on the registry will allow changes of ownership to be tracked, and disclose when carbon units have been “used” by a company in its carbon account.
By the end of June 2013, 133 projects were registered under the code. In total the projects cover an area of 142km2 and are predicted to sequester 5.2 million tonnes of carbon.
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