News | Launch of Voluntary Carbon Market Framework and Agroforestry Nursery Accreditation Protocol
The framework aims to encourage small and medium farmers to benefit from carbon credits, fostering the adoption of environmentally friendly agricultural practices.
Union Minister of Agriculture & Farmers’ Welfare and Tribal Affairs, Arjun Munda, inaugurated the Framework for Voluntary Carbon Market in the Agriculture Sector and the Accreditation Protocol for Agroforestry Nurseries in Delhi today. The event witnessed the presence of Secretary Manoj Ahuja, DARE Secretary, and Director General of the Indian Council of Agricultural Research (ICAR), Dr. Himanshu Pathak, along with senior officials from central and state ministries and various organizations related to agriculture. Several stakeholders also participated virtually.
In his address, Munda highlighted the Ministry's initiative to promote the Voluntary Carbon Market (VCM) in the agricultural sector. The framework aims to encourage small and medium farmers to benefit from carbon credits, fostering the adoption of environmentally friendly agricultural practices. Shri Munda called for collaboration among concerned ministries, states, and organizations to advance the carbon market for the benefit of farmers. Emphasizing the importance of including farmers from southern regions, he stressed the need for solutions that align with their convenience. Munda acknowledged global challenges like climate change and urged ICAR to actively contribute to this initiative.
The Minister underscored the significant contribution of the agriculture sector to the economy, engaging 54.6% of the country's workforce and contributing 18.6% to the GDP. With a sown area of 139.3 million hectares, the Ministry has taken steps for sustainable development. The Accreditation Protocol for Agroforestry Nurseries, mentioned by the Minister, aims to enhance institutional arrangements for large-scale production and certification of planting material to promote agroforestry. He called on all stakeholders to adopt this protocol to ensure quality planting material, achieve the objectives of the National Agroforestry Policy, and optimize the use of natural resources.