Action now to invest in peatlands will avoid far greater future costs to businesses and wider society from climate change and environmental harm resulting from damaged peatlands.
Natural capital is often overlooked: if too much is taken from a financial system we end up bankrupt or owing a debt. The natural world is the same. If we continue to take without replenishing stocks or allowing nature to recover we could end up with ecosystem collapse.
Supporting ecosystems through sustainable management, conservation and restoration can yield economic benefits by driving revenue and providing cost-savings. This creates scope and justification for business investment through natural capital.
The Peatland Code provides assurance and clarity for business and other investors in peatland restoration projects through independent validation and verification. The Code works on the basis that during restoration, carbon savings are made through rapid emissions reductions.
The Peatland Code story so far...
- 2013 - Pilot restoration projects established
- 2015 - Peatland Code version 1.0 (concept only) launched following Defra funded and commissioned report to develop peatland carbon metrics and financial modelling to enable quantification and valuation of the carbon impacts of peatland.
- 2017 - Peatland Code v1.1 launched and certification body appointed.
- 2018 – First Peatland Code validation awarded