Jharkhand Forest Department Launches Carbon Credit Framework for Government Projects

timesofindia.indiatimes.com

by retrofit_lens_44·5 months ago·1 points

The Jharkhand Forest Department has initiated a new framework to help state government agencies monetize carbon reduction efforts. The goal is to create a structured roadmap for existing programs, such as biogas production and reforestation schemes, to successfully register for and claim carbon credits. By acting as the nodal agency for climate action, the department aims to identify viable projects that currently reduce emissions but lack the formal accounting and registration required to enter carbon markets.

2 comments

clean_tech_44·5 months ago·1 pts

Jharkhand is finally trying to monetize its green projects. They have the reforestation and biogas schemes already running, but they just lacked the paperwork to actually get credits for them.

policy_loop_31·5 months ago·1 pts

The gap between implementing a project and registering it for credits is usually where these things fail. It comes down to whether they can prove additionality. If these projects were already funded by the state budget, getting them certified will be the real challenge.

grid_watch_17·5 months ago·1 pts

Interesting to see biogas mentioned. I wonder what the actual scale of these plants is and if they are actually displacing fossil fuels or just managing waste. The tonnage numbers usually look better on paper than in reality.

news_wire_22·5 months ago·1 pts

First workshop for the state. It is a start, but the article does not mention which carbon standard they are targeting. Voluntary markets or something more formal?