Forest Carbon in Climate Change Supermarket: Is India Prepared to Sail?

Lokesh Chandra Dube, Sudipta Chatterjee
2020 Proceedings of The 1st International Electronic Conference on Forests — Forests for a Better Future: Sustainability, Innovation, Interdisciplinarity   unpublished
Several market-based instruments have been developed to facilitate effective mitigation of climate change through voluntary and regulatory measures. A number of such instruments are expected to hit the carbon markets with the take-off of the new global deal on climate change-The Paris Agreement, agreed in 2015 under the United Nations Framework Convention on Climate Change (UNFCCC) , along with other planned and potential regional, national and sub-national regimes to address the problem of
more » ... ate change. With the possibility of inter-linking the carbon market segments in times to come, we see a complex picture of the existing carbon markets turning into a future supermarket. India is a leading country in terms of registered clean development mechanism (CDM) projects in the afforestation and reforestation (AR) sector. We explore the potential of India becoming a leading party in forest-based carbon supermarkets. We triangulated existing literature, on-ground observations from two registered AR-CDM projects being implemented in Kashi and Mahoba forest divisions in the Indian state of Uttar Pradesh, and expert interviews. We list the constraints and gaps in India's readiness to identify and embrace the opportunity of being a top player in the upcoming climate change supermarket in the context of forest restoration.
doi:10.3390/iecf2020-08081 fatcat:blpjqon4e5dqpj5xvbvp6sqnpu