Funding & Finance

Image: Sphagnum riparium
© Charlie Campbell

Funding & Finance

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. 

What is natural capital?
 “Stocks of assets in an ecosystem, which interacts to yield a flow of goods or services.”         Natural Capital Coalition

The Peatland Code is an example of natural capital financing. The Peatland Code is a voluntary standard for UK peatland projects wishing to market the climate benefit of restoration. 

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

More information: 

Dubh lochans and blanket bog at The Flows NNR near Forsinard, Caithness. June 2011 ©Lorne Gill/SNH/2020VISION
Scottish Budget 2020-21The Scottish Government announces £20 million for peatland restoration and a commitment to invest £…
Land use: policies for a Net Zero UK CCC report
Committee on Climate Change Report on Land Use: Policies for a Net Zero UKThe IUCN UK Peatland Programme welcomes strengthened policy and legislative recommendations in the…
Multiple effects of peatland drainage
New resource available: Explaining the impact of peatland drainage.Illustrating the multiple effects of peatland drainage including implications for carbon emissions…
Managed burning of heather © North Pennines AONB
A burning issue: comparison between Australian & UK fire management misses the mark. The news of the ongoing Australian fires is deeply concerning both in terms of the impact on people…
IUCN Resolution 43 reporting
IUCN Resolution 43 reportingNew report on progress under IUCN Resolution 43: Securing the future of global peatlands available…
Langlands Moss Restoration works underway
Langlands Moss Restoration works underwayLanglands Moss Local Nature Reserve, on the south edge of East Kilbride, Scotland is set to be…
Snowdonia Society volunteers creating heather bale dams on the Migneint, Snowdonia. © Dan Struthers Photography
Working together for the future of Welsh peatlandsA major programme of works is underway this season to restore peatlands across Wales. A large…
European Peatland Strategies workshop - Bonn, Germany
European Peatland Strategies workshop - Bonn, Germany Over 30 representatives from across 12 European countries attended a workshop to examine existing…
Bog cotton landscape © Stephen Price
Peatlands and the climate emergency2019 has seen all four devolved governments across the UK declare a climate emergency which will…
Richard Payne
A tribute to Richard Payne The IUCN UK Peatlands Programme team were all saddened to hear the shocking news about the death of…
Image of sphagnum in pool © Joe Holden
Sphagnum is a key ingredient of natural flood managementIn 2008 iCASP published research that showed how water running over Sphagnum on blanket peatlands…
Image of V-notch in ply-sheet dam © Emma Shuttleworth
Peat restoration and natural flood managementThe Upland Environments Research Unit at the University of Manchester has been working closely with…