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Voluntary Carbon Market Framework for Agriculture Sector

  • 31 Jan 2024
  • 1 min read

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

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