Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to line 40 of table 2.1 of Budget 2028, how he plans to fund the additional £50 million of carbon credits for qualifying tree planting under the Woodland Carbon Guarantee Scheme announced in paragraph 4.71 of that Budget.

The government’s Woodland Carbon Guarantee will deliver tree planting to help offset carbon emissions and support wildlife. The government is providing up to £50 million of guaranteed future payments over the next thirty years to those who plant qualifying woodland, to purchase carbon credits as trees grow and sequester carbon. Those carbon credits could then be sold, reducing the overall cost to taxpayers. The government will meet this guarantee at future spending reviews. Line 40 (urban tree planting) is a different measure, providing government funding to plant valued trees in and around our towns and cities.