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The returns for the water companies are immeasurable improvements in flood management, better resilience to droughts and cleaner water. However, there are also benefits in creating woodland and peatland carbon offsets, which are registered under the woodland carbon code and the peatland carbon code—two of the highest quality standards for carbon offsets in the world. I mention also biodiversity net gain units and, in future, other forms of defined natural capital units that have value and provide clear demonstration of the work undertaken.