The Delhi Cabinet has approved a new carbon credit policy aimed at monetising greenhouse gas emission reductions achieved through government-led initiatives. Projects including electric vehicle adoption, solar energy deployment, urban forest development and improved waste management will be evaluated, with verified emission cuts converted into tradable carbon credits for sale in both national and international markets.
The policy will be implemented through an external agency operating under a revenue-sharing model, ensuring there is no additional financial burden on the government. Revenue generated from carbon credit trading will be deposited into the state’s consolidated fund.
These funds will be used to support welfare and environmental programmes, reinforcing Delhi’s long-term climate action, sustainability objectives and transition toward a low-carbon urban economy.
Reference: Read more
