Funding & Finance

Image: Shagnum 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: 

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…
Image of bog vegetation © Dom Hinchley
New edition of Conserving Bogs: The Management HandbookA new edition of Conserving Bogs: The Management Handbook is now available. Conserving Bogs: The…
Rob Stoneman at the House of Commons flanked by Rob Brown and Julian Sturdy
Managing the Uplands for Public Benefit House of Commons ReceptionOver 48 representatives from across the peatland community in the UK as well as MPs and Peers…
Large heath butterfly
Peatland biodiversity - butterflies & mothsAt Butterfly Conservation we understand the great value of healthy functioning peatlands for…
Cover of GHG emissions inventory
Inclusion of peatlands in the UK's GHG emissions inventory publishedThe long-awaited report on inclusion of peatlands in the UK’s greenhouse gas (GHG) emissions…
Marsden Moor fire © BBC News
Record breaking Spring temperatures exacerbate wildfire outbreaks across the UKThe summer heatwave of 2018 was accompanied by wildfires across the UK with a major incident…
Staff from RSPB, Scottish Water and the contractor, McGowan Ltd, discuss the successful works at Moss of Kinmundy
Ugie Peatland Partnership welcomes restoration of local bogBog restoration works are expected to benefit local water quality and nature, as well as contribute…
Delgates at the policy and practice workshop
New initiative to combine data across studies and sites to better inform peatland policy and practice Researchers, practitioners and policy-makers from across Europe, whose goal is to understand better…
Peatland milled for horticulture
Moving towards a future of peat-free productsCheap, usually imported, bags of peat do not reflect the environmental costs to society caused by…