1. Potential of Indian agriculture for capturing atmospheric CO2and monetizing carbon credits to the farmers: An overview and policy framework
- Author
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Meena, Ram Swaroop, Lal, Rattan, Kumar, Sandeep, Pradhan, Gourisankar, Srinivasarao, Ch., Singh, Ashish Kumar, Pathak, Himanshu, Abhilash, P.C., Kumar, Arvind, Sharma, S.K., Jat, M.L., and Singh, Sudhanshu
- Abstract
The potential of Indian agriculture in atmospheric CO2capture and its role in enabling farmers to monetize C credits is critical to climate change mitigation strategies. This potential is especially significant given the vast and diverse agricultural landscapes across India, which inherently possess the capacity for considerable C sequestration. The realization of this potential hinges on the establishment of a comprehensive policy framework. Essential components of this framework include methodologies for accurate measurement, reporting, and verification (MRV) of C sequestration. To fully harness the potential of Indian agriculture in atmospheric CO2capture and C credit monetization, future endeavors should focus on developing integrated technological solutions, and collaborative efforts are the cornerstone for accurate C measurement and verification, alongside formulating inclusive policies that specifically support small-scale and marginalized farmers in transitioning to carbon-efficient practices for sustainable agriculture. Overall, it will help to implement the aim of monetizing C credits by the Ministry of Power (catenate notice: CG-DL-E-30062023-246859 Dated June 28, 2023) and the Ministry of Environment, Forests, and Climate Change of Developing (catenate notice: CG-DL-E-27062023-246825 Dated June 27, 2023) and adopted the green credit program. The Indian government has demonstrated its will to combat climate change by starting a policy discussion on carbon. This important conversation aims to establish solutions for sustainable development focusing on environmental stewardship and carbon reduction across several sectors. Ultimately, this would enhance the country's defenses against climate change and encourage net zero emission through C-negative agriculture. It will also promote the “Sustainable Development Goals,” which aim to improve the country and the globe.
- Published
- 2024
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