This is why the UKCCC has been developed, a reaction to what we percieved as weaknesses in the marketplace. Transparency is key as is projects that issue credits being net zero before selling, monitored by a physical annual visit and creating accurate project boundaries.
The UKCCC calculates all emissions and all sequestration from all natural capital assests, certifies the net zero position, charts the journey and only allows the sale of carbon credits once the landholding has reached net zero.
Here we have the ICVCM core carbon principles. The UKCCC designed these into its standards as its inception to ensure that it only issued the most robust credits and to ensure additionality, permanence, avoided leakage & avoided negative outcomes 🧵
@shaigilads@TWBFarms Yes, you will see it was formed as a Community Interest Company less than a week ago. Further directors and members added soon. It has been formed by a diverse group of stakeholders from farmers, land managers, tech, finance and insurance interests.
@RogerMerry1@TWBFarms @ChrisWh83363472 @TheFarmingForum The UKCCC project process identifies and helps to place potential BNG credits on a national register so that developers can do just that, pick the ones they want off the shelf....
@leemsutton The UKCCC doesn't want to buy them, it simply issues and places the on the register upon approval, its up to you when you sell and to whom.
The UK Carbon Code will certify a farms net zero position once reached. This will ensure a farms scope 3 obligations to the food supply chain are met. Any offsets beyond net zero can be sold #NetZeroWeek We advise against putting control of your carbon into the hands of retailers
@ChrisWh83363472 @TWBFarms@NFUtweets Point taken but the drive to net zero is very often, good business. The farms we work with who manage to issue the most offsets are often the most profitable.
@RWilliamson01@TWBFarms absolutely and reducing emissions more often than not goes hand in hand with increased profit from food production, the ability to sell offsets becomes an additional outcome..
@TWBFarms @ChrisWh83363472 Yes I did say that. it is not a legal obligation to become net zero before selling offsets. It is however a moral one and I sense we will not agree on this point.
@TWBFarms @ChrisWh83363472 that's not what we are suggesting, maybe i communicated it poorly. Farmers can potentially do well and the UKCCC intends to make sure they do!
@TWBFarms @ChrisWh83363472 nobody is giving farmers money away, its about taking the initiative and taking control. for once farmers have amazing control at their fingertips as they are uniquely placed to help reverse climate change and biodiversity collapse and get paid for doing so.
@TWBFarms @ChrisWh83363472 You are correct there is no legal obligation for you to be Net Zero. We feel that farmers should be at net zero before selling offsets. Selling offsets before being net zero is greenwash & offsets sold without that assurance will become devalued. The UKCCC exists to prevent that.
@FlatToTheMatt Completely agree. The UKCCC helps unlock the opportunity in all of a farms natural capital assets, not just soil... What we do know is that adopting the practices that sequester the most C also improve food production returns as well.
@TWBFarms @ChrisWh83363472 I believe you have fundamentally misunderstood the aims of the UKCCC and that of the burgeoning carbon market. Happy to meet and discuss as its important that we get this right for farmers and that everyone understands the market as it is developing.
@TWBFarms Project approval fees..
We probably wont agree on your first point, happy to discuss offline if you would like Clive?
In our opinion farmers do need to be at net zero before selling offsets. One needs to remember that not many (if any) other industries can sequester CO2..