Overcoming barriers to the engagement of supply-side actors in Scotland's peatland natural capital markets - Final Report

Footnotes

1 Mean score, rounded to nearest whole number.

2 The total number of responses to this survey question (67, f=67) exceeded the total number of individuals who responded to the survey. This is because some individuals identified with more than one category. Moreover, the number of responses varies by question because 18 of the survey respondents only partially completed the survey and question logic meant respondents were not asked about questions that had little or no relevance to them.

3 Please note that the total number of responses in the 'Owner' category (32, f=32) is greater than the number of individuals who responded, meaning that some individuals identified themselves under more than one type of ownership.

4 Given the total responses (f=7) exceed the number of respondents, it is clear some individuals identified with more than one sub-type within this category.

5 Please note that the total number of responses is greater than the number of individuals who responded, indicating that some individuals associated themselves with more than one category.

6 The Peatland Code has a "risk" buffer and a "precision" buffer, in which every project allocates 15% and 10% of its claimable emissions, respectively. The risk buffer aims to cover unforeseeable losses that may occur from the project over time because of restoration reversal. If a project uses the units in the buffer because of a reversal, it might be required to replenish the buffer (which is not possible if all the claimable PIUs that were available for sale upfront have been sold).

7 The "real" carbon growth rate is 2% and excludes the 2.5% inflation rate applied to the model. The ""nominal" carbon growth rate is 4.5% (made of a 2.5% inflation rate and a 2% real carbon growth rate.

8 Risks mentioned included length of contract commitments, general worries about engaging with private financiers, being sued or otherwise held responsible due to events outside of project owners' control.

9 See new guidance, Jenkins, E, Helmcke, C and Cole, L (2023) Peatland Restoration: A Guide for Crofting Communities. Accessed 1 December 2023.