Developing voluntary carbon market project for Dudhwa Tiger Reserve (DTR), Uttar Pradesh

09 Jun 2021

Finance through carbon related projects could be an important solution to address the issue of finance crunch. Carbon finance project could yield additional finance, which is required to address the issues of community- alternative livelihood and mitigation strategies for human wildlife conflict. The protected areas in India have been identified to have potential of generating around 10,000,000 Carbon Emission Reduction (CERs), the tradable form of carbon, which could be traded in the carbon market. Thus we propose to initiate a voluntary carbon market project for Dudhwas Tiger Reserve (DTR) in India in order to generate additional finance and use it for community development and biodiversity conservation activities. This will result in adaptation and enhancing carbon sequestration as well as reducing pressure on forests from unsustainable collection of fuelwood through sustainable fuel wood management and exploring energy efficient technologies and alternative fuel in and around DTR, UP. Further, this strategy can be upscaled in all Tiger Reserves and Protected Areas in India which will aid the country in achieving it's Nationally Determined Contribution (NDC) target of 2.5 - 3 billion tonnes of CO2e.

Region
UTTAR PRADESH
Themes
Tags
Carbon market
Carbon emissions
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