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Delhi approves carbon credit system to fund green projects using verified emission reductions.
The Delhi government has approved a carbon credit monetisation framework allowing it to generate revenue from existing environmental projects like electric buses, solar energy, tree planting, and waste management.
Verified emission reductions will be converted into tradable credits sold on domestic and international markets, with proceeds funding pollution control and green infrastructure.
The initiative, led by the Department of Environment, operates without upfront costs, using third-party agencies selected via transparent bidding to handle project verification and trading.
Revenue will support climate goals, including Yamuna River cleanup and urban greening, positioning Delhi as a leader in urban sustainability.
Delhi aprueba el sistema de créditos de carbono para financiar proyectos verdes utilizando reducciones verificadas de emisiones.