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© 2024 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.

Abstract

Carbon offsetting is currently a major tool in managing carbon emissions and informing sustainability plans of organisations in the drive to net-zero. This study aims to identify the offsetting potential of existing conservation schemes, and whether carbon offsetting credits could provide finance these conservation activities. The results from Dorset, in the UK, indicate that many existing conservation schemes in woodlands, heathlands, and grasslands cannot only enhance biodiversity but also capture significant amounts of carbon, and while habitats differ by region and country, the general results should be applicable elsewhere. We show that the cost per additional tonne of carbon sequestered as a result of conservation activities varies considerably between different conservation projects. On average, across the conservation projects we studied, the cost of this offsetting is GBP 80 per tonne CO2e sequestered and ranging between GBP 120 and GBP 0, depending on the project and whether existing biodiversity grants would be available. However, this figure was based on adapting and refining the existing conservation projects and did not involve expensive factors, such as purchase of land, which make the prices potentially unrealistic, especially in a Global North context. While the costs identified are higher than many offsetting schemes at present, it could present a useful option for those wishing to localise their offsetting. The concept is highly scalable and could remove significant amounts of carbon dioxide. Combining the approach with biodiversity credits or other credit schemes could make the higher costs more attractive to potential buyers.

Details

Title
Potential for Carbon Credits from Conservation Management: Price and Potential for Multi-Habitat Nature-Based Carbon Sequestration in Dorset, UK
Author
Jones, Ellie-Anne; Paige, Lisa; Smith, Albany; Worth, Annabelle; Betts, Lois; Stafford, Richard  VIAFID ORCID Logo 
First page
1268
Publication year
2024
Publication date
2024
Publisher
MDPI AG
e-ISSN
20711050
Source type
Scholarly Journal
Language of publication
English
ProQuest document ID
2924024650
Copyright
© 2024 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.