Voluntary Carbon Market Framework for Agriculture Sector | 31 Jan 2024

Recently, the central government initiated a framework for voluntary carbon markets in the agriculture sector, aiming to encourage small and medium farmers to benefit from carbon credits and promote eco-friendly farming practices.

• Voluntary Carbon Market is a trading system where individuals and organizations can voluntarily buy and sell carbon credits to offset greenhouse gas (GHG) emissions.
  • Each credit symbolises one metric ton of avoided, reduced or removed CO₂ or equivalent GHG.
  • These credits originate from projects that cut emissions, like tree planting, renewable energy investment etc.

Read more: Carbon markets