Delhi Government Approves Framework to Earn Revenue from Emission Reduction Initiatives
2 hours agoPolitics
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Delhi Government Approves Framework to Earn Revenue from Emission Reduction Initiatives

The Delhi government has approved a 'Carbon Credit Monetisation Framework' to generate revenue from its environmental initiatives. This framework will allow the city to measure emission reductions from projects like electric buses, plantation drives, and solar energy promotion, converting them into saleable carbon credits. The revenue generated will be deposited into the state's Consolidated Fund for public welfare schemes. A specialized agency will be selected to manage the process on a revenue-sharing model, ensuring no upfront expenditure for the government.

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