Search
Framework for Voluntary Carbon Market in Agriculture Sector

India Department of Agriculture and Farmers Welfare | SourceDownload

India's agriculture sector is a cornerstone of the economy, employing 54.6% of the workforce and contributing 18.6% of the Gross Value Added (GVA). However, the sector faces challenges due to excessive use of chemical fertilizers and pesticides, unsustainable natural resource use, and vulnerability to climate change. There is a pressing need for sustainable agriculture practices that balance economic growth with environmental conservation.

Policy Recommendation: Promoting Voluntary Carbon Markets (VCMs) offers a promising pathway to incentivize sustainable farming practices in India. By participating in VCMs, farmers can earn revenue from carbon credits generated through eco-friendly agricultural practices, which can enhance their financial stability and support rural livelihoods.

Key Actions

  • Develop a Framework for VCMs: Establish a market-based mechanism to support sustainable agriculture by standardizing carbon credit protocols and ensuring transparency.
  • Enhance Farmer Participation: Introduce VCMs and other initiatives like the Green Credit Program (GCP) to farmers, enabling them to benefit from sustainable practices while contributing to national and global climate goals.
  • Support Sustainable Agriculture: Integrate VCMs with the National Mission on Sustainable Agriculture (NMSA) to promote practices like agroforestry, organic farming, and efficient water use, ensuring long-term food security and environmental sustainability.

Expected Outcomes: VCMs can help India achieve climate resilience in agriculture, improve natural resource management, and contribute to sustainable development goals. This approach will enhance farmer incomes, promote social equity, and foster a sustainable agricultural sector aligned with India's broader environmental and economic objectives.

Viewed Articles
Framework for Voluntary Carbon Market in Agriculture Sector
India Department of Agriculture and Farmers Welfare | Source | Download | India's agriculture sector is a cornerstone of the economy, employing 54.6% of the workforce and contributing 18.6% of the
Read More
2030 Organic Strategy - National Strategy for 30% Organic Food and Farming by 2030
German Federal Ministry of Food and Agriculture | Source | Download | Objective: The Federal Government of Germany aims to achieve a sustainable agricultural sector by 2030 that balances economic viab
Environmental Improvement Plan 2023 (UK)
Government of UK | Source | DownloadThe Environmental Improvement Plan 2023 marks a pivotal milestone in the UK's ongoing commitment to environmental conservation and sustainability. Rooted in the
Working Plan for Korea MAFRA in 2023
Ministry of Agriculture, Food, and Rural Affairs (MAFRA), Korea | Source | Download | The Ministry of Agriculture, Food, and Rural Affairs (MAFRA) is dedicated to accomplishing ten key objectives that
National Agrifood Policy, 2021-2030 (NAP 2.0), Malaysia
Malaysian Ministry of Agricultural and Food Inudstries |Source | Download The National Agrofood Policy 2021-2030 (NAP 2.0) represents a comprehensive and holistic approach to transform Malaysia's
Actions to transform food systems under climate change
CGIAR | Source  | Download | The current state of global food systems is inadequate, marked by failures in production, nutrition, equity, and environmental sustainability. Climate change exacerbates t
TOP