Kochi Water Metro partners with Kosher Climate to generate carbon credits from ferry operations

Kochi Water Metro has signed a revenue sharing agreement with Kosher Climate to become India's first water metro system to generate carbon credits. The Bengaluru based climate agency will handle all certification costs and international approvals. Under the deal, 71% of revenue from carbon credit trading goes to the Water Metro, creating a new non-fare income stream. The initiative will measure and verify emission reductions from the ferry system, including infrastructure and operations. Certification will follow internationally recognized carbon credit standards. Once certified, the credits can be traded on global carbon markets. The agency was selected through an open tender process. This is a concrete example of a public transit operator using carbon finance to offset operational costs. The revenue sharing model removes upfront financial risk for the Water Metro. The key detail to watch is which standard they certify under and how the baseline is calculated.