India's Voluntary Carbon Credit Market Gaining Attention
AgroSpectrum|AgroSpectrum India March 2023
The voluntary carbon credit market in India’s agriculture sector is gradually gaining momentum, although it remains relatively nascent compared to other industries. This makes it an exciting field with substantial opportunities for growth. The value and recognition of agricultural projects within the carbon market, like those in other sectors, vary based on factors such as project scale, certification standards, associated co-benefits and market demand. The government recently launched the Framework for Voluntary Carbon Market in the agriculture sector.’ This framework is expected to simplify the process of entering domestic and international carbon markets for companies and support larger-scale projects.
Dipti Barve
India's Voluntary Carbon Credit Market Gaining Attention

On January 29, 2024, the Ministry of Agriculture and Farmers’ Welfare launched a framework aimed at promoting the Voluntary Carbon Market (VCM) within the country’s agricultural sector. The initiative seeks to empower small and medium sized farmers to benefit from carbon credits.

In recent years, numerous private firms have emerged in India, partnering with local farmers to produce carbon credits. This collaboration comes amidst growing skepticism about the effectiveness of voluntary carbon offsetting in addressing global climate change concerns. These startups engage farmers cultivating resource-intensive crops like rice, cotton, and sugarcane, encouraging them to adopt practices that minimise planet-warming emissions. Noteworthy recent developments in the agriculture carbon credit market have set the stage for significant growth opportunities for companies.

For instance, on December 23, Transform Rural India (TRI), in collaboration with Intellecap and ACORN (Rabobank), launched a pioneering Carbon Credit Finance Project benefiting over 100,000 farmers in Jharkhand. The project is founded on the principle of fair compensation to farmers, with 80 per cent of the generated carbon credit revenue directly transferred to the farmers’ accounts.

この記事は AgroSpectrum の AgroSpectrum India March 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は AgroSpectrum の AgroSpectrum India March 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

AGROSPECTRUMのその他の記事すべて表示
No More Relying On Non-Renewable Energy Resources?
AgroSpectrum

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.

time-read
6 分  |
Agrospectrum India Nov 2024
Janssen PMP and Fresh Inset partner to commercialise Vidre+ freshness extension solution
AgroSpectrum

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.

time-read
1 min  |
Agrospectrum India Nov 2024
India and Denmark ink MoU on Green Shipping, Digitalisation, and Sustainable Development
AgroSpectrum

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.

time-read
1 min  |
Agrospectrum India Nov 2024
IIL launches multiple indigenous IVF media for embryo transfer of dairy animals
AgroSpectrum

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).

time-read
1 min  |
Agrospectrum India Nov 2024
APEDA, LuLu Group ink MoU to promote horticulture produce in Middle East
AgroSpectrum

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.

time-read
1 min  |
Agrospectrum India Nov 2024
Weeds cause Rs 92,000 Cr worth loss in crop productivity: Study
AgroSpectrum

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.

time-read
1 min  |
Agrospectrum India Nov 2024
BiofuelCircle launches first large-scale deployment of farm equipment in UP
AgroSpectrum

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.

time-read
1 min  |
Agrospectrum India Nov 2024
Crystal Crop Protection launches advance insecticide for maize and soybean
AgroSpectrum

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.

time-read
1 min  |
Agrospectrum India Nov 2024
CIFT, Kochi conducts first-drone-based marine mammal-fishery interaction study
AgroSpectrum

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.

time-read
1 min  |
Agrospectrum India Nov 2024
ICRISAT conducts study on use of Spectral Matching Techniques for crop type mapping
AgroSpectrum

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.

time-read
1 min  |
Agrospectrum India Nov 2024