Glossary entry

Declared Carbon Capacity (of Woodland)

Definitions

Contracts definition

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 [x] to this agreement] and verified in accordance with [the Woodland Carbon Code/ other verification standard].

Model laws definition (as defined in Owen’s Law)

Declared Carbon Capacity means, in relation to an accredited Tree-Planting-Incentive (TPI) woodland, the maximum amount of carbon that woodland can capture in one year as determined by using the Woodland Carbon Code Calculation Spreadsheet, measured in tonnes of carbon per annum.

Drafting notes

You 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 definition of Carbon Offsetting and Carbon Insetting, which may also be relevant. 

This definition references the Woodland Carbon Code (see References below), which is 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 reference any similar national guidance or used voluntary standards such as the:

Application

Emission reduction purchase agreements (ERPAs), woodland or forestry creation  agreements, model laws for woodland or forestry creation schemes, planning documentation.