News
Disclosure: Farmers are being cheated in the name of carbon credit
22 Apr 2025
| Down to Earth
In September 2024, Dr Jitendra Vir Sharma, Senior Director, Land Resources informed that according to the MoU signed between the Forest Department, VNV and TERI, the farmer will be paid $6 per credit. He says that since the projects made good money this time, VNV has decided to pay farmers $8 per credit. Dr Sharma estimates that one credit could be worth $11-12 and assured that VNV will be transparent about the benefit-sharing process.
Read moreUttarakhand forests will get a 'big reward' for absorbing carbon, MoU worth Rs 1000 crore signed
21 Sep 2024
| Dainik Jagran
In sequence to the Uttarakhand Investor Summit conducted in December 2023, The Energy and Resources Institute (TERI) organized a two-day workshop on September 19-20, 2024. The selection of project areas within Reserved/Degraded Forest Areas, Van Panchayat Areas, and Private Agricultural Land under the jurisdiction of the Forest Department was deliberated. TERI representative were Senior Director Dr. JV Sharma, Associate Director Dr. Syed Arif Wali, Vikas Sinha, Varun Grover, Abha
Read moreFarmers of seven new mandals including Ayodhya-Varanasi will get carbon credit
03 Sep 2024
| Hindustan Times
Special Correspondent 07 new divisions have been selected for the purpose of increasing the income of farmers through carbon finance. These include Devipatan, Ayodhya, Jhansi, Mirzapur, Kanpur, Varanasi and Aligarh divisions. For the implementation of the scheme to increase the income of farmers through carbon credit in these divisions, a three-tier MoU was signed on 3 September 2024 between TERI, VNV Advisory and Divisional Chief Forest Conservators of the seven divisions.
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