Himachal Social Forestry Project

Himachal Pradesh Mid Himalaya watershed Development project is the first pilot project for India and is the world’s first carbon credit project that is linked to an ongoing watershed management programme. It has been registered for carbon trading scheme under UNFCC. This may sequester the emission of 800 million tonnes of Carbondioxide from 2006 to 2025.

About 5000 families in the state will earn green money through raising plantation on barren land for next 20 years from world bank. It will cover 4000 hectare barren land which was deforested before 1990.

UN scheme has set a price of about Rs 2500 per hectare per annum of carbon which will be measured depending on growth of the tree biomass and measurement will start from this year. The project is estimated to generate carbon revenue of Rs 20 cr. to the communities and individual for the next 20 years. This project will reduce 40000 tonnes of carbondioxide per year for 20 years. The programme would be implementing on other areas and states through Joint Forest Management committee. This can also helps to meet the challenges of Kyoto Protocol and the 75 % of plantation is being done by the local people.

( Sir, This is the summary of that article. I tried to take major points from the article.)