Indian farmers can now trade in carbon credits to boost income

Farming contributes around 14% of the annual greenhouse gas emissions from India

Days after the report of the Intergovernmental Panel on Climate Change (IPCC) about disastrous consequences of environmental factors on Indian agriculture, the Indian Agricultural Research Institute (IARI) will join hands with a private firm -- for the first time -- to build a marketplace for trading in carbon credits for farmers in the country.

“GrowIndigo India Ltd”, which is a collaborative effort between leading agriculture firm Mahyco and Indigo Ag, is executing a project with the IARI and International Wheat and Maize Improvement Centre (CIMMYT) to develop a first-of-its-kind marketplace for carbon trading for Indian farmers.

The IARI and CIMMYT will provide