05 June 2024
Peatland restoration in Scotland struggles to secure funding
Despite its potential to significantly reduce carbon emissions, peatland restoration in Scotland is not being fully recognized as a climate change solution, hindering private investment.
In short:
- Experts argue that the Science Based Targets Initiative (SBTi) does not recognize peatland restoration as a valid method for offsetting emissions.
- Damaged peatlands in Scotland release over six million tonnes of CO2 annually, equating to emissions from home heating.
- Public funding alone is insufficient, and private finance is needed to meet restoration targets set by the Scottish government.
Key quote:
“We are seeing active sales falling through or companies not even wanting to look at peatland carbon credits because of SBTi.”
— Dr. Renée Kerkvliet-Hermans, peatland code manager
Why this matters:
Recognizing peatland restoration in carbon offsetting standards could unlock essential private funding, aiding in the significant reduction of greenhouse gas emissions and combating climate change more effectively.
