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Anchoring India's Agri Carbon Market on Climate Finance & Integrity
AgroSpectrum
|AgroSpectrum Dec 2024
India's strength in the agriculture carbon credit market lies in the vast agricultural land and farming population and its diverse agricultural practices.
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UMANG AGARWAL, Head of Carbon, Grow Indigo
India's agricultural carbon credit market has huge potential, positioning us to lead in global climate change efforts. By tapping into our vast and diverse agricultural landscape, we can transform conventional farming practices into powerful tools for reducing greenhouse gas emissions and capturing atmospheric carbon. This market offers a way to combat climate change and opens up new revenue streams for farmers, providing financial incentives to adopt sustainable practices. The market's potential is built on four key project types: regenerative agriculture, agroforestry, biochar, and enhanced rock weathering (ERW) each well-suited to Indian agriculture.
Regenerative agriculture refers to a collection of agricultural practices that improve soil health and resource efficiency. These practices often include reduced tillage, direct rice seeding, reduced nitrogen inputs, crop residue management, and diversifying crop rotations. Agroforestry involves integrating trees into agricultural systems. This practice sequesters carbon in both above-ground biomass and soil.
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