Study puts a value on natural capital of new woodlands

26 January 2021

Article: 55/0407

A study commissioned by Scottish Forestry, Tilhill Forestry and the Scottish Environment Protection Agency (SEPA), provides quantitative evidence of the natural capital benefits of planting new woodlands. Natural capital is the stock of natural resources, including plants, soils, air, water and greenspace.

The study assessed a newly planted mixed woodland site at Larriston, near Newcastleton, which was valued to measure its natural capital potential over the next 50 years. The analysis revealed potential substantial benefits for society through carbon dioxide (CO2) removal, flood alleviation, and biodiversity from modern-day forestry.  The key future benefits were valued at around £20 million in today’s prices, which included almost 200,000 tonnes of timber, just under 150,000 tonnes of CO2 removal, and almost three million cubic meters of water stored in the forest.

Source: Scottish Forestry, 19 January 2021