By Sudhirendar Sharma
06 Jul 2011
The World Bank has signed an agreement with the state government of Himachal Pradesh for the largest carbon revenue project. However, the conditions of the agreement indicate that instead of putting the carbon revenue mechanism to the competitive advantage of the stakeholders, such projects continue to serve the interest of the clients.
Tucked up in the middle Himalayas, farmers in the mountainous state of Himachal Pradesh will crunch atmospheric carbon to help rid the Spaniards of their climate woes. In the next two decades, 839,582 tons of carbon dioxide equivalents are likely to be sequestered in over 4,000 hectares of variedly degraded agriculture and forest land in the state.
read more @: http://www.d-sector.org/article-det.asp?id=1656&idFor=1656
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