In a significant move towards advancing sustainable agriculture practices and combatting climate change, the Carbon Markets Association of India (CMAI) has formally inked a Memorandum of Understanding (MOU) with the non-profit organization, Krishi Udyami Krishak Vikas Chamber (KUKVC).
Under this strategic partnership, CMAI and KUKVC are set to champion the cause of sustainable farming, with a particular focus on promoting organic farming and integrating carbon credit revenue into farmers’ income streams. This initiative aims to improve the livelihoods of farmers while contributing to environmental sustainability.
The MOU represents a pivotal milestone in the efforts of both organizations to address climate change and accelerate sustainable practices in agriculture. Leveraging their combined expertise and resources, CMAI and KUKVC are poised to unlock new opportunities in the realm of sustainable agriculture with a strong emphasis on carbon credits, fostering the transition to a low-carbon economy.
CMAI will play a central role in offering essential support and knowledge-sharing regarding green credits and carbon finance. They will conduct capacity-building sessions, elucidating the significance of carbon credits in combating climate change. Additionally, CMAI will guide farmers through the process of registering and earning carbon credits via authorized carbon credit platforms, assisting them in calculating potential green credit earnings based on their sustainable practices.
KUKVC, on the other hand, will assume vital responsibilities in this partnership. They will organize awareness programs and training workshops to educate and engage farmers, encouraging their participation in sustainable practices. Moreover, KUKVC will contribute essential support in data collection to ensure the successful execution of green finance generation projects. They will conduct regular monitoring of plantations, maintain comprehensive records, and engage with farmers to address any emerging issues.
Together, these collaborative endeavors position CMAI and KUKVC as trailblazers in the domain of carbon credits, paving the way for a seamless transition towards a low-carbon economy. This partnership is set to have a profound impact on sustainable agriculture practices and climate change mitigation efforts.
Mr. Manish Dabkara, President, CMAI said “We are delighted to partner with KUKVC in our shared commitment to environmental sustainability. This collaboration marks the commencement of an exciting journey aimed at creating enduring and positive impact in the battle against climate change. Through this cooperation, our goal is to tap into the significant potential of sustainable agricultural practices to reduce carbon emissions and harness the benefits of carbon credits for financing the transition. Simultaneously, we aspire to position India as a leader in promoting environmental stewardship and advocating for the adoption of cleaner, more sustainable farming practices. This includes a shift away from conventional practices towards the traditional practices while embracing the LiFE,(Lifestyle for Environment). Together, we believe that we can unlock fresh opportunities and make a substantial contribution to achieving our environmental objectives.”
Sh. Om Prakash Dhankar, the Former Agriculture Minister of Haryana Government and Chief Patron of KUKVC, underscored their shared dedication with CMAI to harnessing the considerable potential of carbon credits to advance the journey towards achieving a net-zero carbon footprint, all while ensuring the welfare of farmers. He said, “In this strategic collaboration, KUKVC aims to leverage their extensive field expertise and capabilities to seamlessly integrate their past efforts and initiatives that have supported farmers. With the unity of forces with CMAI, KUKVC holds the belief that they can magnify the impact of their endeavors in combatting climate change. This collaboration holds the promise of yielding positive outcomes and making a substantial contribution to their collective mission of securing a sustainable future.”
KUKVC and CMAI both have a shared vision for a sustainable future in which individuals play an active role in addressing climate change. This partnership will not only foster cooperation but also serve as a source of inspiration for others to consider similar alliances, thereby magnifying the influence of sustainable practices on a global level while taking advantage of carbon financing practices putting an economic value to practices that affect the environment.
