To reach Net Zero emissions by 2050, a combination of emissions reduction and carbon removal will be needed.
For many farmers this means focusing on reducing their own business emissions, carbon auditing, working with their supply chain, improving productive efficiency and increasing carbon sequestration on-farm.
However, farmers and landowners also ‘control’ most of the opportunities for land-based carbon sequestration through woodland and hedgerow creation, soil carbon and peatland restoration, and therefore the supply of carbon credits into the now booming voluntary carbon offset market.
The FUW put together a carbon trading explainer for Y Tir in April 2022 which can be viewed here. It provides farmers and landowners with an in-depth overview so they can understand the potential benefits and pitfalls associated with carbon trading and the key recommendations the FUW continues to put forward in meetings with politicians and industry stakeholders.