PAR Equity (‘Par’), the Scottish-based forestry investment fund manager, Aviva Investors, the global asset management business of Aviva plc, and Scottish Woodlands Ltd, today announced that the first phase of peatland restoration has been completed in an ambitious natural capital scheme in the north-east of Scotland.
The Glen Dye Moor Project in Aberdeenshire plans to deliver a significant woodland creation and peatland restoration scheme that aims to capture over 1.4 million tonnes of carbon.
The first phase of restoration work comprising approximately 172 hectares(ha) of degraded peat has been completed and further phases will be undertaken to achieve the scheme’s stated aim of restoring c 1800ha of degraded peat. Bare peat restored to date comprises 1.1ha and 23,500m hags or gullies have been reprofiled. 2,800 dams and bunds have also been installed.
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