Delhi Government Approves Carbon Credit Monetisation Framework for Green Revenue
The Delhi government has approved a Carbon Credit Monetisation Framework aimed at generating revenue from emission reductions through initiatives such as electric vehicles, solar energy, and waste management. This framework allows for the creation of tradable carbon credits that can be sold in national and international markets, supporting public welfare and environmental projects without imposing a financial burden on the government. Expert agencies will be compensated solely from the revenues generated.
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The Delhi government approved the Carbon Credit Monetisation Framework to generate revenue from emission reductions through various environmental initiatives. This includes electric vehicles, solar energy, and waste management, creating tradable carbon credits for sale in national and international markets.
The framework enables revenue generation without financial burden on the government, as expert agencies will only be compensated from realized revenues. Revenue will support public welfare and environmental projects, enhancing Delhi's capacity in climate finance.
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