cover image: Ghosh and Sharma, 2024 KS-3405 Popular article                            - Potential of Carbon Credits in India's Agriculture Sector: Empowering

Ghosh and Sharma, 2024 KS-3405 Popular article - Potential of Carbon Credits in India's Agriculture Sector: Empowering

29 Oct 2024

Sustainable Agriculture Practices Eligible for Carbon Credits Various certification standards, like Verra’s Verified Carbon Standard (VCS) and the Gold Standard, support carbon credit generation through sustainable agricultural practices, including: • Agroforestry: Integrating trees on farmland enhances carbon sequestration in soil and biomass, helping mitigate climate change. [...] Ensuring Certification and Standards: Certification by recognized standards such as Verra and Gold Standard enhances the marketability and credibility of carbon credits. [...] Adoption of Sustainable Practices (Agroforestry, No-Till Farming, etc.) Measurement of Carbon Sequestration (Baseline Assessment using RS-GIS) Monitoring and Verification (Using RS and GIS for MRV) Certification by Accredited Body (Verra, Gold Standard) Issuance of Carbon Credits (Certified Credits Based on GHG Reductions) Market Sale (Selling Carbon Credits in Compliance or Voluntary Markets) Rev. [...] Steps involved in developing a carbon credit mechanism for agriculture sector How Carbon Credits Enhance Livelihoods of Small and Marginal Farmers Carbon finance offers small farmers a unique opportunity to diversify their income sources while promoting sustainable practices. [...] Conclusion The potential of carbon credits in India’s agriculture sector is vast, and the benefits for small and marginal farmers are equally promising.

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India

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