UK nature & carbon markets roundup - November 2025. 

We’ve launched a new monthly UK Nature & Carbon Markets Roundup, tracking key policy developments, market signals and activity across the voluntary carbon market. Below are highlights from November 2025.

UK Woodland Carbon Code recognised by Bloomberg Philanthropies

The UK Woodland Carbon Code (WCC) and the Scottish Government have been recognised by Bloomberg Philanthropies, securing the Power of Partnership Prize at the 2025 Bloomberg Philanthropies Local Leaders Climate Awards. The award recognises partnerships and programmes that bring together "landowners, companies and communities to support woodland creation and climate action" across the UK. Read more about the award and partnership.

Coalition to Grow Carbon Markets launches Shared Principles

The Coalition to Grow Carbon Markets has launched a set of Shared Principles aimed at strengthening corporate demand for high-quality carbon credits. Chaired by the governments of Singapore, Kenya and the UK, the Coalition introduced six guiding principles focused on transparent reporting, robust quality standards and community benefits. The principles were endorsed by 11 governments at COP30, including Canada, Switzerland and Peru. Read more about the Shared Principles.

Voluntary Carbon Market activity

Market activity in November highlights continued momentum in UK Woodland Carbon Code:

• 1,621 Pending Issuance Units (PIUs) were assigned under the UK Woodland Carbon Code, on behalf of corporates including Bouygues UK, Cumbria O&M Services Ltd (COMS) and Burges Salmon LLP.
• No PIUs were assigned under the IUCN UK Peatland Programme’s Peatland Code during the month.
• Santander UK and Co-op remain the leading sources of peatland code demand in 2025, having purchased a combined 28,521 PIUs to date.
• PIU assignments spanned vintages from 2021 to 2124.

Further insights and analysis will follow in next month’s round-up.