- GS-3: Conservation, environmental pollution and degradation
Context: The Energy Conservation (Amendment) Bill, 2022, which was introduced and passed in the Lok Sabha, incorporated the aim of developing the domestic carbon market.
- While the bill focuses on the renewable energy industry, it can indirectly benefit the country’s farmers as well.
- Poor soil health and decreasing profits plague Indian farmers. Selling carbon credits might be the opportunity that addresses these problems.
Main Practice Question: How can modern market mechanism like Carbon Trading be utilised in agricultural sector?
Note: Write answer his question in the comment section.