Potential of Agroforestry in India
Agroforestry can significantly enhance carbon stocks, contributing to India's climate goals.
Current agroforestry covers 28.4 million hectares, with potential to grow to 53 million hectares by 2050.
Could provide over 2.5 billion tons of CO2 equivalent carbon sink by 2030 with proper policies and support.
Promotes soil fertility, water retention, and reduces erosion, improving overall agricultural productivity.
Offers alternative livelihoods and additional income streams for small and marginal farmers.
Challenges Posed by Current "Common Practice" Criterion in Carbon Standards
“Common practice” criteria may exclude projects that are typical in India, as they are based on large-scale agricultural norms from other regions.
Small Landholdings: 86.1% of Indian farmers have less than two hectares, practicing agroforestry in non-systematic, fragmented ways.
Many farmers' practices may not qualify for carbon credits under current standards, limiting their financial opportunities.
Current criteria fail to recognize the unique agricultural landscape in India, hindering participation in carbon finance.
Platforms like Verra and Gold Standard can enable funding for Afforestation, Reforestation, and Revegetation (ARR) initiatives that support sustainable farming.
Importance of International Carbon Finance Platforms
Updating carbon standards to reflect India’s fragmented farming practices can unlock potential for millions of farmers.
Inclusion in carbon finance projects can provide additional income sources, enhancing livelihoods for rural households.
Financial incentives can encourage systematic agroforestry practices, contributing to environmental resilience.
Collaboration with international standards can lead to effective solutions for climate challenges and rural development in India.
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