Home / Environment / Pune Civic Body Aims for Rs 20 Crore Via Carbon Credits
Pune Civic Body Aims for Rs 20 Crore Via Carbon Credits
17 Jul
Summary
- Pune Municipal Corporation explores carbon credit policy for new revenue.
- Selling carbon credits could generate an estimated Rs 20 crore annually.
- Policy aims to fund environmental protection and citizen development works.
The Pune Municipal Corporation (PMC) has approved a proposal to explore a carbon credit policy, aiming to create a new revenue stream while advancing environmental conservation efforts. This initiative is projected to generate approximately Rs 20 crore annually through the sale of carbon credits earned from eligible green projects undertaken by the civic body.
A dedicated carbon credit cell is proposed within the PMC, along with a comprehensive survey to identify projects suitable for generating carbon credits. These include initiatives in solid waste management, sewage treatment, biogas, solar energy, LED lighting, e-bus services, and waste recycling.
By scientifically measuring greenhouse gas reductions from these green projects, the PMC can earn carbon credits and sell them in national and international markets. The revenue generated is intended to be reinvested into environmental protection, sanitation, green energy, and citizen-focused development projects, as per the resolution presented.
