How Indian Farmers Can Benefit from Carbon Credits? By Dr. P. C. Patel
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- เผยแพร่เมื่อ 28 ส.ค. 2024
- What are carbon credits?
Carbon credits are created when farmers or ranchers increase the rate of carbon storage on their land by changing production practices or adding a new practice. Adding cover crops or reducing tillage in row crop operations are common examples.
Carbon credits are a way to incentivize farmers to adopt sustainable agricultural practices that help reduce greenhouse gas emissions and mitigate climate change. Farmers can earn carbon credits by adopting practices such as agroforestry, peatland restoration and management, enhancement of organic carbon content on soils, nutrient management on cropland and grasslands, livestock and manure management, and more.
How do farmers get carbon credits?
1. Agroforestry
2. Livestock and manure management
3. Multi-species cover crops
4. Minimum or no-till (Reduction of fossil fuel usage)
5. Enhancement of organic carbon content in soils
6. Nutrient management on cropland and grasslands
7. Reduced /no synthetic fertilizers
8. Residue left on site
9. Hay, straw, manure, and/or compost application
10. Use of biochar in agriculture
11. Peatland restoration and management
How the farmers of India will earn carbon credits in their farming?
I. The dairy farmers give standard nutritive fodder (Adarsh Fodder) to their animals, and the carbon credits will be given to those dairy farmers. It is true that feeding nutritive fodder to animals can reduce the amount of methane gas liberated by them.
II. The farmers growing paddy (rice) crops by direct drilling method in their fields then carbon credits will be given to those farmers.
III. The farmers use balanced chemical fertilizers in their fields, and then the carbon credits will be given to those farmers.
Carbon credit income for Indian farmers: Mahargh Agribuilder
How Farmers Can Make Money from Carbon Credits in India?
Farmers in India can now make money from carbon credits by participating in the carbon market. Carbon credits are a type of environmental credit that represents one metric ton of carbon dioxide (CO2) or its equivalent in other greenhouse gases (GHGs). They can be bought and sold by companies and individuals who want to offset their emissions.
Farmers can earn carbon credits by adopting sustainable farming practices that reduce greenhouse gas emissions and increase carbon sequestration.
1. Regenerative agriculture: This type of agriculture focuses on restoring soil health and increasing biodiversity. It can be achieved through a variety of practices, such as cover cropping, no-till farming, and crop rotation.
Agroforestry: This is a system of farming that combines trees and crops. Trees can help to improve soil quality, reduce erosion, and sequester Carbon dioxide from the atmosphere.
Water conservation: By using water more efficiently, farmers can reduce the amount of water vapor released into the atmosphere, which can help to mitigate climate change.
Here are some additional benefits of farmers participating in the carbon market:
Improved soil health: Sustainable farming practices can help to improve soil health by increasing organic matter content, improving water infiltration, and reducing erosion. This can lead to increased crop yields and reduced input costs.
Increased crop yields: Sustainable farming practices can help to increase crop yields by improving soil health, providing better pest and disease control, and increasing water use efficiency.
Reduced erosion: Sustainable farming practices can help to reduce erosion by increasing soil cover, improving water infiltration, and reducing tillage.
Here are some of the challenges that Indian farmers face when participating in the carbon market:
High costs of certification: The cost of certifying carbon credits can be high, which can make it difficult for small farmers to participate in the market.
Complex regulations: The carbon market is a complex system with a variety of regulations. This can make it difficult for farmers to understand and comply with the requirements.
Lack of demand: The demand for carbon credits is still relatively low, which can make it difficult for farmers to sell their credits.
Biochar Creates Carbon Credits:
Biochar can be used to produce energy, capture and store carbon, and improve soil health. Biochar projects that produce and apply biochar at scale can potentially earn carbon credits. Carbon credits represent the reduction or removal of one ton of carbon dioxide equivalents (CO2e) from the atmosphere. The more biochar we produce and use, the more carbon we can remove from the atmosphere, effectively earning more carbon credits. Biochar is a form of charcoal produced from organic waste, such as wood chips or agricultural waste. It is then applied to the soil, sequestering carbon for hundreds of years. One benefit of sequestering carbon in the soil is that it can lead to an increase in net operating income (NOI) for landowners.
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