India’s Journey Towards Sustainable, Low-Carbon Farming
India roughly comprises about 20% of the carbon credits in the world based on a 2023 report from the Delhi-based think tank, Centre for Science and Environment (CSE). More than Rs. 5,525.65 crore (US$ 650 million) has been earned in revenues by the carbon credits. Agriculture in India has always been more than just a sector—it is the soul of the nation’s economy. Feeding more than a billion people, providing livelihood for almost 46% of the workforce and contributing 16% (FY24) to the Gross Domestic Product (GDP), this industry has long been the backbone of India’s rural economy and national resilience. Today, this sector is rapidly emerging as a significant climate force, whether for better or worse. The voluntary carbon market in India was estimated to be worth over Rs. 10,201 crores (US$ 1.2 billion), as of May 2023, with 1,451 projects either registered or undergoing various stages of consideration through two leading global registries, Verra and Gold Standard. India roughly comprises about 20% of the carbon credits in the world based on a 2023 report from the Delhi-based think tank, Centre for Science and Environment (CSE). More than Rs. 5,525.65 crore (US$ 650 million) has been earned in revenues by the carbon credits. Thus, one can see that the country stands pivotal in the global carbon offset ecosystem and has a growing thrust on climate-conscious development. What does ‘low-carbon agriculture’ mean? Low-carbon agriculture actively minimises its contribution to global warming by reducing emissions. A low-carbon footprint for agriculture means low emissions of carbon dioxide (CO2) and other greenhouse gases due to all types of agricultural activities, such as fuel and other farm inputs, emissions from the field, livestock processes, etc. In broad terms, it means smart farming: implementing methods that minimise energy consumption and waste and improve the efficiency of every production stage. Why it matters for India’s future? India's agricultural sector, which is currently struggling with climate change and food security issues, will be the forerunner of the country's future. With agriculture playing an active part with approximately 13–14% of total greenhouse gas (GHG) emissions of the country, it has become inevitable to adopt low-carbon pathways. These carbon emission reductions would not only help India achieve its national climate targets and a sustainable economy but secure the livelihoods of millions of farmers. How farming activities contribute to carbon emissions? Farming is essential for our food supply, but it simultaneously releases GHG emissions from several commonly adopted agricultural practices, contributing to global warming. Here are a few examples of how agriculture causes these emissions:
