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Bodoland territorial council a sixth schedule area: A Mini View

Author:

Yashodhara Barhate

Subject Area:

Life Sciences

Abstract:

The rising awareness towards sustainable development has prompted the emergence of various global indices and agreements to encourage economic support to environmentally responsible investment. Carbon credit market has become a multi-billion dollar industry for credits issued under the Kyoto protocol. India is being heralded as the next carbon credit destination of the world. India is a Party to the United Nations Framework Convention on Climate Change (UNFCCC) and the objective of the Convention is to achieve stabilization of greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous anthropogenic interference with the climate system. This paper highlights that the Local communities in Tier III cites of India could accrue benefits by reducing the carbon footprint and selling carbon sequestered by Clean Development Projects in Kyoto based markets. It is an exploratory research to understand the opportunities for investment in Ecosystem.

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