Peatland restoration in Scotland struggles to secure funding

Despite its potential to significantly reduce carbon emissions, peatland restoration in Scotland is not being fully recognized as a climate change solution, hindering private investment.

Kevin Keane reports for BBC.

In short:

• Experts argue that the Science Based Targets Initiative (SBTi) does not recognize peatland restoration as a valid method for offsetting emissions.
• Damaged peatlands in Scotland release over six million tonnes of CO2 annually, equating to emissions from home heating.
• Public funding alone is insufficient, and private finance is needed to meet restoration targets set by the Scottish government.

Key quote:

“We are seeing active sales falling through or companies not even wanting to look at peatland carbon credits because of SBTi.”

— Dr. Renée Kerkvliet-Hermans, peatland code manager

Why this matters:

Recognizing peatland restoration in carbon offsetting standards could unlock essential private funding, aiding in the significant reduction of greenhouse gas emissions and combating climate change more effectively.