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Is Carbon Credit A Long Con?
Global carbon pricing revenue in 2021 increased by almost 60 per cent from 2020 levels, to around $84 billion, providing an important source of funds to help support a sustainable economic recovery, finance broader fiscal reforms, or invest in communities as part of the low-carbon transition future, according to the World Bank’s annual “State and Trends of Carbon Pricing” report released on May 24, 2022. The report noted that the past year has seen some very positive signs, such as the significant increase in revenue that can be invested in communities and in supporting the low carbon transition. Since 2004, the Indian market for carbon credits has been expanding, but it is still in its infancy. The nation's goal is to achieve net zero carbon emissions by 2070. India developed the first exchange in Asia, the Multi Commodity Exchange (MCX), to facilitate the trading of carbon credits. Many agribusinesses have already begun collaborating with farmers to help them sequester
carbon, which will allow them to earn carbon credits. To maintain a transparent operating system in this sector, numerous advancements are still required on the regulatory and market fronts.

AgroSpectrum Magazine Description:

Agrospectrum is a B2B digital media platform catering to all sub-sectors and verticals of the agro business – from food grains to inputs, machinery, live-stock, fisheries to agro tourism. It regularly updates on latest news on Agri—business and analytical & informative articles targeted at agro industry and business leadership, key decision makers; R&D, policy makers, academia and farmers’ community leaders. The portal is devoted to agriculture related business and not farming activity. It neither informs nor guides the farmers on direct farming, but handles allied and peripheral areas of agriculture related activity called agriculture business.