SRINAGAR, Sept 25: Chief Secretary, Atal Dulloo, today chaired a meeting to review the proposed Carbon Credit Framework for Jammu and Kashmir, aimed at unlocking the economic potential of the Union Territory's ecological assets and creating sustainable revenue streams through carbon markets and green financing.
The meeting besides ACS, Finance was attended by Commissioner Secretary, Science & Technology; MD, JKPDC; Commissioner, JMC/SMC; DG, Resources; DG, A&T; DG, Budget; CEO, CITaG concerned officers and technical experts from CITaG.
The framework, presented by the Centre for Innovation and Transformation in Governance (CITaG) in collaboration with the Finance Department, envisages a comprehensive strategy built around four key pillars constituting Carbon Markets, Green Cess, Convergence and a dedicated Green Fund.
Appreciating the preliminary work undertaken by CITaG, the Chief Secretary called for developing a comprehensive policy document supported by a well-defined Standard Operating Procedure (SOP) to ensure seamless implementation across the Union Territory.
He directed CITaG to organise a specialised capacity-building workshop for all concerned departments to familiarise officers with carbon accounting, data standards and their respective implementation responsibilities.
Emphasising technology-driven monitoring and transparency, the Chief Secretary suggested exploring collaboration with the Bhaskaracharya National Institute for Space Applications and Geo-informatics (BISAG-N) for developing an integrated digital monitoring platform and carbon registry.
During the deliberations, Additional Chief Secretary, Finance, Shailendra Kumar, highlighted the immense potential of J&K's agriculture, hydropower and forestry sectors in generating carbon credits and attracting green investments.
He asked CITaG to prioritise these sectors while also incorporating emerging opportunities arising from rooftop solar installations under PM Surya Ghar Yojana and the growing adoption of electric vehicles across the Union Territory.
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