India: Home to outsourced forests
India’s minds aren’t the last of its resources that developed countries are tapping. Aside from its human resources, India’s natural resources are next on the outsourced list. India’s Maharashtra farmers will be offering carbon credit trading to reduce green-house gas (GHG) emissions globally. This came on the heels of the Koto Protocol inked by 141 countries.
‘Friends of Carbon’ (FoC), a Pune-based NGO has facilitated this deal with the deployment of some 5,000 farmers with the aim of planting trees for carbon sequestration. A developed country will be funding the tree planting.
The Kyoto Protocol calls for a reduction in developed countries GHG emissions by an average of 5.2% below their 1990 levels by 2012.
FoC’s Shekhar Kadam says, "Plantations are one of the best solutions to curbing damage from GHG emission. But the expenditure for that in developed countries is high."
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