The carbon exchange: Mapping the drivers and impact of the carbon market on rural enterprises in the UK


This project aims to identify the mechanism whereby emerging natural capital investment markets can contribute to a successful rural economy. This will be achieved in two ways.

First, by examining how rural enterprises navigate voluntary carbon and other natural capital investment markets and how they overcome and exploit potential limitations and barriers. Secondly, by identifying priorities related to the enterprise and innovation potential of natural capital investment markets and the resources required to achieve this. Through deliverables such as infographics and animations, the project will help to inform local and regional policies and support rural enterprises’ engagement with carbon markets.

The research is being funded through NICRE’s Research and Innovation Fund.

Next steps

The team is organising an online and in-person workshop in January 2024 to identify how rural enterprises (farm businesses, SMEs, land agents, local producer associations and members of the Country Land and Business Association) navigate, understand and exploit the opportunities voluntary carbon markets present, and how they overcome potential limitations and barriers.

See below for more information. To register your interest, complete this form, or email the project lead Dr Rounaq Nayak at Please note the deadline for registering interest has been extended to 10 January 2024.