Document

Document
Abstract: With the aim of participating in governments’ net-zero goal, many organizations are showing interest in direct or indirect investment in woodland creation as a means of carbon sequestration. Some SMEs (Small and medium-sized enterprises) and charities also consider woodland creation a source of sustainable income. As this is a relatively critical and strategic decision for small-scale organizations that requires both management skills and a source of finance to manage such a project, they may seek the answer to whether it would be a viable option for them to invest in woodland and whether it will be more beneficial to acquire or lease a land etc. A mixed research method was conducted to analyze answers to these questions, using cost-benefit analyses and interviewing different stakeholders. The findings from the research reveal that the project is viable in both cases of woodland leasing and acquisition and beneficial to society if appropriately planned with professional advice and secured income from grants and environmental services. For the decision of land acquisition, primarily leasing with an option to buy in the future is recommended as this will provide interested organizations with the opportunity to practically realize the viability of the project in terms of both financial and manageability.
Author(s): Md Shirajul Islam
Date Published: November 6 2024
Depositing User: Basiratu Kolawole
DOI: 10.56472/25835238/IRJEMS-V3I11P107
Keywords: Carbon Sequestration, Environmental Services, Forestry in the UK, Impact Investment & Woodland Creation
Pages: 54-73
Place of publication: United Kingdom
Publisher: Eternal Scientific Publications
Subject(s): Environmental science
Type of publication: Journal Paper