'More important than rainforests': UK pioneers peat partnership

Deploying a tank-like vehicle, helicopter, digger and a dozen-strong team building dams and other defences, the "Ridge Graham" project will return the site to its original waterlogged state, locking in (CO2).

Currently, the 450 hectares (1,112 acres) of peatland by draining—the size of 840 football fields—and others like it in Britain and beyond are releasing (GHGs), hindering efforts to go net-zero within decades.

The venture will use nascent markets but is groundbreaking in England because it is the first time a company, rather than an NGO or charity, has also received to restore privately-owned peatland.

"Peatland restoration is incredibly expensive and so... you need to find something that makes it economically viable," explained Betsy Glasgow-Vasey of Ridge Carbon Capture (RCC).

The Oxfordshire-based "nature-based solutions" developer is delivering the scheme—with the help of an £813,000 ($975,000) grant from government agency Natural England—and has a dozen other peatland projects in the pipeline.

Using transplanted heather, workers undertake the gruelling task wherever gaps exist on the vast terrain.

Currently, the 450 hectares (1,112 acres) of peatland by draining and others like it in Britain and beyond are releasing greenhouse gases.

When sites deteriorate, typically after being drained for purposes such as rearing livestock, they become sources of GHGs.

The government, which wants to restore 35,000 hectares of English peatlands by 2025, backs the market while also providing grants.

Under the Peatland Code, one credit is equivalent to one tonne of carbon emissions prevented.