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Delhi Launches Carbon Credit Monetisation to Fund Green Projects

Delhi Chief Minister Rekha Gupta has approved a Carbon Credit Monetisation Framework to generate funds for environmental protection. The framework will transform the city's green projects into revenue-generating assets by creating tradable carbon credits. Environment Minister Manjinder Singh Sirsa stated the initiative leverages existing efforts in transport, power, forests, and waste management. Revenue from selling credits will fuel further pollution control, positioning Delhi as a model for urban sustainability.

Key Points: Delhi Approves Carbon Credit Monetisation Framework

  • Generate tradable carbon credits
  • Fund environmental protection
  • Leverage existing green projects
  • Follow successful state models
  • Advance India's net-zero goals
2 min read

Delhi CM Rekha Gupta approves Carbon Credit Monetisation Framework

Delhi CM Rekha Gupta approves a framework to generate revenue from carbon credits, funding environmental protection and sustainability initiatives.

"This framework allows us to quantify these achievements... and monetise them transparently. - Manjinder Singh Sirsa"

New Delhi, Jan 13

Delhi Chief Minister Rekha Gupta has approved a landmark Carbon Credit Monetisation Framework that promises to generate tradable carbon credits and funds for environmental protection, Environment Minister Manjinder Singh Sirsa said on Tuesday.

He said the CM-led cabinet of the National Capital Territory of Delhi (GNCTD) gave the nod to implementing the Carbon Credit Monetisation Framework through the Department of Environment, Forests and Wildlife.

Work is ongoing to transform the city's green projects into revenue-generating assets for pollution control and sustainability, he said.

The initiative represents a bold step in the Delhi government's commitment to sustainable development and India's net-zero ambitions.

Following successful examples from Indore (Rs 50 lakh from 1.70 lakh tonnes CO2), Meghalaya (EUR 40 per tonne for farmers), and Arunachal Pradesh (16,326 tonnes from hydro projects), Delhi will lead in carbon markets, he said.

Each verified reduction of one metric tonne of CO2 equivalent from Delhi's climate initiatives will yield a tradable carbon credit, sellable in voluntary or compliance markets worldwide, he said.

This no-financial-liability model leverages existing green efforts across departments, Transport (EV policy and CNG/electric buses), Power (solarisation and energy efficiency), Forests (tree plantation and green cover), Delhi Jal Board (water reuse and wastewater efficiency), and Urban Development (waste management and legacy waste biomining), to unlock untapped economic value while advancing ecological goals.

Sirsa emphasised its strategic importance. "Delhi is already pioneering large-scale green transformations, from EV charging networks to Yamuna cleaning and biogas from landfills. This framework allows us to quantify these achievements, certify them under global standards like VERRA, Gold Standard, and the Indian Carbon Market, and monetise them transparently. The revenue will fuel further pollution control and climate mitigation, making Delhi a model for urban sustainability."

- IANS

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Reader Comments

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Sarah B
As someone working in sustainability, this is a significant step. Monetising existing projects through VERRA/Gold Standard creates a credible revenue stream. The key will be robust MRV (Measurement, Reporting, Verification) to ensure credits are real.
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Ananya R
Good initiative, but implementation is everything. We've seen big announcements before. Will the common citizen benefit? Or will it just be another bureaucratic exercise? Need clear info on how Rs. from sold credits will be used for public good.
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Vikram M
Learning from Indore and Meghalaya is smart. If farmers in Meghalaya can earn, why not our urban forest departments and RWAs maintaining parks? This could incentivise local communities to go greener. More trees = credits = money for more trees. 🌳
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Manish T
The 'no-financial-liability' model is clever. Using work already done by Transport and Power depts to generate revenue. Hope this money is ring-fenced for environmental projects and doesn't get lost in general funds. Delhi needs to lead for India's net-zero goal.
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Kavya N
Yamuna cleaning and biogas from landfills mentioned here are critical. If selling carbon credits can fast-track these projects and bring in tech, it's brilliant. But please involve citizens in monitoring. We want a cleaner Delhi for our children.

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