Forest Committee Approves Green Credit Scheme
The Forest Advisory Committee, an apex body tasked with adjudicating requests by the industry to divert forest land for commercial ends, has approved a scheme that could allow “forests” to be traded as a commodity. If implemented, it allows the Forest Department to outsource one of its responsibilities of reforesting to non-government agencies.
Need for the Scheme
- In the current system, industry needs to make good the loss of forest by finding appropriate non-forest land — equal to that which would be razed.
- It also must pay the State Forest Department the current economic equivalent — called Net ....
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