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HP signed carbon credits agreement with the World Bank

Himachal Pradesh signed carbon credits agreement with the World Bank for India's first clean development mechanism (CDM) project in 11 watershed divisions of the state.  Under the agreement, the bank will buy carbon credits from the new forests being developed on degraded lands under a watershed management programme.

The project, named 'reforestation project - improving livelihood and watersheds' is being implemented in 177 panchayats in 11 watershed divisions. It is aimed at reforestation in watershed areas, improving livelihoods, and generating carbon revenue for the community.
 
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