JK Paper ties up with UN to sell carbon credit of farmers

Money Control, Aug 10, 2007
New Delhi, Aug. 9

Farmers in six districts of Andhra Pradesh and Orissa would be able to receive money in the form of carbon credit through the LULUCF (land use land use change in forestry) programme of the United Nations.

Claiming to be the first project of its kind in the country, domestic paper manufacturer JK Paper has tied up with the UN to sell carbon credits of farmers. The valuation is estimated in terms of carbon dioxide absorption by the plants over a period of five to seven years.

The farmers would undertake plantation of eucalyptus trees in their lands in Raygada, Kalahandi and Koraput districts of Orissa. In Andhra Pradesh, farmers will set up cajurina plantations in their unused and shallow lands in the districts of Srikakulam, Vijayanagaram and Vishakapatnam.