Leveraging carbon finance projects for a livelihood fillip

Carbon finance projects, particularly those focusing on ARR (Afforestation, Reforestation and Revegetation) and REDD+ (Reducing Emissions from Deforestation and Forest Degradation), are emerging as powerful tools for not only mitigating climate change but also uplifting the socio-economic conditions of farmers and forest-dependent communities, while simultaneously achieving Sustainable Development Goals. These projects help in either absorbing greenhouse gases from the atmosphere or preventing their subsequent release into the atmosphere.