The Delhi government has introduced a carbon credit monetisation policy to generate revenue by measuring and trading emission reductions from its green initiatives. Projects such as electric buses, solar power adoption, waste management systems and plantation drives will be evaluated for the amount of carbon emissions they reduce, with these reductions converted into tradable carbon credits.
Carbon credits represent verified reductions in greenhouse gas emissions, where one credit equals one tonne of carbon dioxide reduced or avoided. These credits can be sold to companies and organisations looking to offset their emissions, creating a financial incentive for cleaner and more sustainable practices without requiring upfront government investment.
The policy aims to link environmental protection with economic benefits, encourage further investment in sustainability projects, improve air quality and strengthen Delhi’s overall climate action efforts.
Reference: Read more
