While energy (power, heating, transport fuels) contributes to about 75% of all emissions in India, the agriculture sector (including livestock) contributes about 17% of the total. For the curious, the rest of emissions are from waste-based emissions (about 2.5%), use of HFC refrigerants (1%), emissions from industrial wastewaters, etc.
The agriculture & livestock sector's contributions to GHG emissions are thus significant. One way to get this sector to decarbonize on the scale is through incentive mechanisms such as carbon credits.
Once a system for vertification and trading is put in place, and using the latest in ledger technology such as Blockchain for any additional authentication needed, carbon credits have the potential to provide an incentive mechanism at scale for the Indian farming community to undertake continuous and effective actions towards soil carbon sequestration and use other regenerative practices to lock in carbon.
For those keen on knowing more about the status of agriculture-based GHG emissions in India and how carbon credits can play a role in reducing these, here is an excellent article from the World Economic Forum.
