HARSHAL SONAWANE, Head of Sustainability, nurture.farm
Agriculture contributes to 18 percent of Greenhouse gases (GHG) emissions, 70 percent of freshwater withdrawals, up to 45 percent of methane emissions, and 80 percent of Nitrous oxide emissions. With more than 50 percent of the country's population dependent on agriculture to earn their livelihoods, the number may only come down if drastic measures are taken to change how we cultivate and farm.
In the last 30 - 50 years, we have seen an increase in average global temperatures to 1.2 degrees Celsius above pre-industrial levels. We are witnessing abnormal weather events like floods, heat waves, increased sea levels, inconsistent rainfalls, and more across the globe.
Making agriculture sustainable by incentivising farmers to adopt climate-smart practices and investing in precision farming infrastructure can go a long way to help farmers grow more from less and mitigate climate change.
Before we dive deep into the carbon markets and their size, it is essential to understand the different types of carbon markets and clearly understand carbon credits. There are two types of carbon markets namely:
Compliance Market:
The compliance market is used by companies and governments that are legally required to account for their GHG emissions. Mandatory national, regional, or international carbon reduction regimes regulate it.
Voluntary Carbon Markets:
Voluntary carbon markets allow carbon emitters to offset their emissions by purchasing carbon credits emitted by projects that aim to remove or reduce greenhouse gases from the atmosphere.
What are carbon credits?
Esta historia es de la edición AgroSpectrum India March 2023 de AgroSpectrum.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición AgroSpectrum India March 2023 de AgroSpectrum.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
No More Relying On Non-Renewable Energy Resources?
Cutting down on petroleum imports and rolling out effective eco-friendly policies across industries, especially the agri sector, is the key focus of the government.
Janssen PMP and Fresh Inset partner to commercialise Vidre+ freshness extension solution
Janssen PMP, a division of Janssen Pharmaceutica NV, and Fresh Inset have partnered to exclusively commercialise Fresh Inset's Vidre+ technology in Europe.
India and Denmark ink MoU on Green Shipping, Digitalisation, and Sustainable Development
India and Denmark's maritime relations continue to strengthen, with both nations working closely to advance sustainable maritime practices.
IIL launches multiple indigenous IVF media for embryo transfer of dairy animals
Indian Immunologicals Limited (IIL) announced the launch of \"Shashthi\" an indigenous InVitro Fertilization (IVF) media developed in collaboration with National Dairy Development Board (NDDB).
APEDA, LuLu Group ink MoU to promote horticulture produce in Middle East
Agricultural and Processed Food Products Export Development Authority (APEDA) has signed and exchanged a Memorandum of Understanding (MoU) with LuLu Group International for the promotion of Indian horticulture produce in Middle East markets and across the Gulf Cooperation Council LuLu MOU SIGNING LuLu (GCC) countries.
Weeds cause Rs 92,000 Cr worth loss in crop productivity: Study
A collaborative study by Dr NT Yaduraju, Dr M R Hegde and Dr AR Sadananda and the Federation of Seed Industry of India (FSII) discussed the various weed management practices using herbicides, mechanisation of weed removal, crop rotation, cover cropping, biological control among others that can lower costs by 40-60 per cent compared to traditional approaches.
BiofuelCircle launches first large-scale deployment of farm equipment in UP
BiofuelCircle, strengthened its commitment to empower rural India for generating wealth from agri-waste at an event 'Parali Se Ujjawal Bhavishya', held at the Ramnagar Biomass Bank in Barabanki, Uttar Pradesh. BiofuelCircle enables a participative ecosystem at rural level.
Crystal Crop Protection launches advance insecticide for maize and soybean
Crystal Crop Protection Limited, a leading agrochemical organisation, has launched Proclaim XTRA, its latest insecticide specifically formulated for maize and soybean.
CIFT, Kochi conducts first-drone-based marine mammal-fishery interaction study
The Central Institute of Fisheries Technology (CIFT), Kochi, has carried out a drone-based survey to study marine mammal fishery interaction.
ICRISAT conducts study on use of Spectral Matching Techniques for crop type mapping
In a recent effort to harness satellite data for countries with limited ground reference information, the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) conducted a study using Senegal as a model to test various algorithms.