It is a UNFCCC-registered CDM project with ID: 4531 (https://cdm.unfccc.int/Projects/DB/TUEV-SUED1298895593.56). For the first time in India and South East Asia, additional revenue from the sale of carbon credits over an area of 1605 ha was successfully delivered to 1590 farmers in the backward Indian districts of Andhra Pradesh and Odisha.
The project mobilizes and encourages small and marginal farmers to raise plantations of tree species with high rates of carbon sequestration in their farmlands. A tripartite agreement was signed among VCCSL, JKPL and the resource poor farmers. JKPL supported the supply of improved planting stock to the participating farmers, provided extension advice and initiated arrangements for the purchase of wood grown from the plantations established under the project.
VCCSL entered into an Emission Reduction Purchase Agreement (ERPA) with The World Bank for the sale of the carbon credits till the second verification.
The BioCarbon Fund provided institutional support for training and knowledge sharing (https://www.biocarbonfund.org//node/56)
|Project Idea Note (PIN)||Dec, 2003|
|Project Development Document (PDD)||Aug, 2005|
|No objection from DNA (Designated National Authority)||July, 2005|
|World Bank Team Visit to Project sites||Oct, 2005|
|Environment Management Framework Formulation||Aug, 2006|
|ERPA signature||May, 2007|
|First Verification||May, 2012|
|Carbon revenue distribution to farmers||Dec, 2012|
|Second verification||Oct, 2018|
|Issuance of CERs by UNFCCC CDM board||Mar, 2020|
|Carbon revenue distribution to farmers||Mar, 2022|
79811 credits were issued after the first verification and 62756 credits were issued after the second verification. This project is due for third verification in 2023