Description.

Peatlands cover about 400 million hectares (ha), or 3% of the land surface of our planet. Yet they store more carbon, more effectively and for longer periods, than any other ecosystem on land. Around 50 million ha of peatlands globally are currently drained and have been transformed to grazing land, forestry land and cropland, used for peat extraction or impacted by infrastructure. These drained peatlands are responsible for approximately 4% (2 Gt CO2eq/year) of all anthropogenic greenhouse gas emissions.

This methodology is designed to offer a new financing mechanism for peatland restoration and conservation worldwide.