Before we all go rarara about the Conservative government’s new scheme to boost tree planting, let’s just note that it’s based on the financialisation of the ecosystem – ie turning the natural environment into another set of markets for the financial services industry to get fat off.
Basically the new Woodland Carbon Guarantee scheme is based on a trade in carbon, via Woodland Carbon Units. This is made clear on the Forest Trade website and the UK Woodland Carbon Code “Buy Carbon” webpage.
Plan hatched in 2011 by ConDem government
The Government’s new scheme is the fruition of the ConDem coalition government plan to create a market in so-called ecosystem services. This was laid out in its heavily business-oriented 2011 National Environment White Paper. Continue reading