1. Home
  2. Current Affairs
  3. Current News
  4. Framework for Voluntary Carbon Market Launched

Framework for Voluntary Carbon Market Launched

  • 31 Jan 2024

On 29th January, 2024, Union Minister of Agriculture & Farmers’ Welfare and Tribal Affairs introduced the Framework for Voluntary Carbon Market in the Agriculture Sector and Accreditation Protocol for Agroforestry Nurseries in Delhi, focusing on empowering small and medium farmers and promoting eco-friendly agricultural practices.

Key Points

  • Objectives: The framework has been designed to encourage small and medium farmers to participate in carbon credit programs, fostering environmentally sustainable agricultural practices.
  • It aims to not only benefit farmers but also expedite the adoption of eco-friendly agricultural practices.
  • Cooperation for Southern Farmers: Union Minister called for collaboration with farmers from southern areas, ensuring convenient participation and focusing on delivering tangible benefits. The initiative seeks to address global challenges like global warming by involving farmers in mitigating environmental impact.
  • Role of ICAR: The Union Minister urged the Indian Council of Agricultural Research (ICAR) to actively contribute to the success of the carbon market initiative, emphasizing the importance of a cautious and effective approach to global challenges like climate change.
  • Agriculture Sector Contribution: Union Minister highlighted the significant contribution of the agriculture sector to the country's economy and livelihood, with 54.6% of the workforce engaged in agricultural and allied activities.
  • Agroforestry Nursery Accreditation Protocol: The Accreditation Protocol for Agroforestry Nurseries is introduced to strengthen institutional arrangements for large-scale production and certification of planting material, supporting the promotion of agroforestry across the country.
  • Achieving Policy Goals: The minister urged stakeholders to adopt the Agroforestry Nursery Accreditation Protocol, ensuring quality planting material for assured returns and aligning with the objectives of the National Agroforestry Policy.