http://articles.economictimes.indiatimes.com/2011-08-07/news/29861403_1_carbon-trading-carbon-credits-crediting-period

 

NEW DELHI: Himachal Pradesh's efforts in fighting climate change have been rewarded with the UN registering its multi-crore carbon trading scheme that involves providing green cover to barren 4,000 hectares in the state.

 

Under this scheme, over 5000 families from remote and backward villages will receive carbon revenue for the next 20 years from the World Bank for providing green cover to several areas in across 10 districts which were declared deforested before 1990.

"This is the first such project on public land to be registered for carbon trading in India," R K Kapoor, chief project director, said.