Peatlands and the Project Explained

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Does carbon stored in peatlands have a financial value?

Carbon is currently worth €30/t and this likely to increase. Currently in Ireland, there is no mechanism in place to monetise the carbon benefit of these interventions and any credits arising would accrue to the State in the context of the Land Use, Land-Use Change and Forestry (LULUCF) Regulation framework.

The first action of the project is to carry out the rewetting, while the next step would be to verify the reduction in carbon from the rewetting.