NABARD Carbon Credit Pilot with Mango Farmers in Koppal
Why in the news
NABARD’s consulting arm is testing carbon credits to link climate finance with farm incomes.
Key facts
- Partners: Karnataka’s horticulture and forest departments; free saplings from the latter.
- Work: biomass management and border tree plantations.
- Backers include Rabo Bank.
Issues
- Compliance, audit and assessment delays slowed payouts.
- Farmer groups call it exploitative, with unclear terms.
Significance
A voluntary domestic carbon market is expected, and experts want cooperative models and transparency. The pilot marks NABARD’s entry into carbon markets.
Exam angle
- District: Koppal; crop: mango.