Declared Carbon Capacity
Declared Carbon Capacity means the estimated amount of carbon measured in tonnes of Carbon Dioxide Equivalent per hectare ( tCO2e/ ha ) or metric tonnes per year ( MtC/ year ) that can be stored by [the woodland area edged in red in Annex [●] to this agreement] and verified in accordance with [the Woodland Carbon Code/ other verification standard].
Lawyers using this glossary term may wish to specify that the woodland comprises Native Trees owing to the additional benefits to biodiversity, and hence climate resilience, that this entails. See also TCLP’s glossary terms Offsetting and Insetting.
Standards and guidance
This definition refers to the Woodland Carbon Code, the UK’s voluntary carbon standard for woodland creation projects.
Woodland or forestry creation projects, agreements for the sale of carbon credits generated from woodland in other jurisdictions should refer to any similar national guidance or used voluntary standards such as:
Emission reduction purchase agreements ( ERPAs ), woodland or forestry creation agreements, planning documents or model laws for woodland or forestry creation schemes.