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The UK’s carbon market

The UK’s carbon market is many things: Some say it offers huge potential to create multi-functional landscapes that sequester carbon, still produce food, and offer vital income streams to farmers and land managers. Others say it’s the ‘Wild West’, with unscrupulous companies, dodgy measuring tools, and the potential for land grabs and reduced food production. Which is it, if any, of these? And what really is the potential to use the UK’s farmland to sequester carbon? As a farmer, what are the challenges and opportunities of selling carbon? What’s the experience of those who’ve done it?
In this webinar we discuss all of this with our two speakers:
Emily Norton, former director of rural research at Savills and Oxford Farming Conference director, and now freelance consultant and commentator, is known for her knowledge, prodding questions, and critical thinking.
​Jake Freestone, farmer and co-founder of The Green Farm Collective, a collaboration between six pioneering UK farmers who met via the Soil Farmer of the Year competition. In partnership with carbon broker, Trinity Natural Capital Markets, they are building a community of farmers and investors to supply and buy carbon.

 

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In 2015, the UK pledged to be Net Zero by 2050, with the NFU striving for the more ambitious target of 2040. Net Zero is achieved when the amount of greenhouse gases (GHG) emitted is balanced with those removed from the atmosphere. This helps to combat climate change and reduce global warming.

Opportunities are increasing for farmers and land managers to earn revenues from storing carbon in soils or vegetation, or by reducing baseline GHG emissions from crop and livestock production.

Regenerative farming looks to optimise the use of the ecological system and environment, in order to benefit from the natural ecosystem services that they provide.

Agroecology is a holistic and integrated approach that simultaneously applies ecological and social concepts and principles to the design and management of sustainable agriculture and food systems. Definition from FAO.

The UK Government has set a Net Zero target for 2050. Land use and management has a key role to play in this, with the NFU setting an even earlier target of 2040.

Climate change threatens our ability to ensure global food security, eradicate poverty and achieve sustainable development. In 2016, 31 percent of global emissions originating from human activity came from agrifood systems.

The key GHGs for agriculture that contribute directly to climate change are:  Carbon dioxide (CO2)  Methane (CH4)  Nitrous oxide (N2O)   All these GHGs are often grouped under the umbrella term ‘carbon’.