Nature campaigners urge UK taxpayers to take stakes in forest projects

Land reform charities call for better regulation of UK's carbon market so profits can be shared with publicNature campaigners have called for taxpayers to take stakes in forest and peatland projects designed to store carbon, to avoid all the profits from carbon credits going to private investors.A report from the Revive Coalition, an umbrella group for Scottish land reform and conservation charities, says carbon credits also need to be used much more effectively to bolster demand and help the UK meet its net zero targets.Government-owned banks such as the Scottish National Investment Bank should invest in carbon projects, including on public land.It becomes mandatory for all large and medium-sized companies to have audited carbon reduction targets to avoid greenwashing.All carbon offsetting projects must register with the official schemes, the Woodland carbon code and the Peatland carbon code.A new land tax is set up that is reduced if the land is managed to protect the climate and promote nature recovery. Continue reading...