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New Delhi, April 9 (IANS) A small afforestation project in Haryana has become the first in the world to qualify for carbon credits, which the project managers can sell in a developed country.
The European Commission (EC), which has co-funded the Haryana Community Forestry Project – of which this project to get carbon credits is a small part – said in a statement here Thursday that this was the first small-scale afforestation project in the world to get certified by the Clean Development Mechanism (CDM) of the UN.
The governing board of the CDM decides if a project qualifies to get carbon credits, and the number of credits it gets. Known officially as Certified Emission Reduction (CER) credits, each CER is equivalent to one tonne of carbon dioxide. CERs are bought and sold in specialised international exchanges. Developed countries use them towards meeting their mandatory greenhouse gas reduction targets under the Kyoto Protocol.
In this project, 370 hectares of sandy land belonging to 227 farmers in eight villages of Sirsa district in Haryana have been selected to get the carbon credits, the EC statement said.
The proposed CDM project was approved by the CDM Executive Board of the UN Framework Convention on Climate Change March 23.
EC Ambassador to India Daniele Smadja hoped this project would
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DOOARS PLANTATIONS & INDUSTRIES LTD.
on Jan 11th, 2010
@ 10:26 pm:
We are into tea platations of around 1100 acres. We also have large trees to keep balance which is a part of reforestation whereby we also follow a cycle of plants maintanence every years to keep them healthy. Please inform whether this is eligible to carbon credits.
K.T.ANANDH
on Apr 9th, 2010
@ 4:12 am:
we are planning to plant mango trees in the barren land.can i get carbon credit rewards to partially cover my costs.