UPASI President M P Cherian emphasized the importance of a policy drive that allows Agri-plantations to trade in sequestered carbon.
While rubber plantations offer the maximum carbon sequestration per hectare, other plantation crops such as tea, coffee, cardamom, and cocoa also have the ability to sequester carbon.
The ITA’s Secretary-General, Arijit Raha, emphasized the importance of the plantation sector aligning with the government’s goal of becoming net-zero by 2070.
According to an ITA research from 2013, Raha claims that the tea industry is carbon positive due to its operations.
In addition, when it comes to carbon trading, Raha believes that a vehicle should be established to connect the tea industry to the carbon market.
In his keynote talk, Santosh Kumar, Executive Director, Harrisons Malayalam Ltd, emphasized the importance of having an institutional structure for carbon trading in the country.
Anjana Sharma, DGM, Climate Services Division, KBS Certification, spoke about the steps involved in developing, validating, and certifying carbon projects.
The carbon credit potential in forestry was discussed by Tulika Biswas, Team Lead, Nature Based Solutions, WeAct Pty Ltd, Australia.
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