Leading Carbon Credits Solutions Provider Signs MoU with Government of India for a Game-Changing Mangrove Preservation Project
CREDUCE, provider of Carbon Credits Origination and Offset solutions, has achieved a significant milestone by signing a Memorandum of Understanding (MoU) with the Gujarat Ecology Commission, established by the Government of India.
The partnership aims to undertake a project-based activity focused on monitoring the plantation of mangrove habitats, with the ultimate goal of preserving and restoring 10,000 hectares of coastal areas in Gujarat.
India’s mangroves face an alarming threat, with 50% of them projected to shift or disappear due to climate change by 2070. In response to this pressing issue, CREDUCE and the Gujarat Ecology Commission have joined forces to protect and expand the mangrove cover. As part of the collaboration, CREDUCE will provide advisory services for carbon credit development, monitoring, and trading related to the project activities. Leveraging their expertise in nature-based solutions, the company is dedicated to ensuring the successful execution of this game-changing initiative. It is expected to have a positive impact on the environment while also benefiting local communities through the provision of carbon credits.
The momentous signing ceremony of the MoU was graced by esteemed guests, including the Honorable Minister of Environment, Forests and Climate Change (MOEF), Shri Mulu Bhai Bera; the Honorable Minister of State Gujarat, Shri Mukesh Patel; the Member Secretary of the Gujarat Ecology Commission, Shri Mahesh Singh; and the Principal Secretary of Environment & Forest Department, Gujarat, Shri Sanjeev Kumar IAS, among other dignitaries.
Expressing his pride in the partnership, Shailendra Singh Rao, Climateur & Founder of CREDUCE, emphasized the importance of protecting biodiversity and commended the government’s initiatives. He highlighted the central government’s Mangrove Initiative for Shoreline Habitats & Tangible Incomes (MISHTI) introduced in the budget, which has further reinforced the resolve to prioritize afforestation. With forward-thinking states like Gujarat taking the first steps towards preservation and restoration, CREDUCE intends to support such positive initiatives by maximizing their environmental benefits.
Shri Mahesh Singh, Member Secretary of the Gujarat Ecology Commission, emphasized that Gujarat possesses abundant mangrove cover, which has consistently increased two and a half times over the past two decades. Boasting the second-largest mangrove cover in India after Sundarbans, Gujarat is buoyed by the central government’s initiatives and a positive political outlook. The state has embarked on the process of restoration, preservation, and habitat plantation, with the ambition to become the largest mangrove region in the country.
This strategic partnership between CREDUCE and the Gujarat Ecology Commission sets a remarkable precedent for collaborative efforts to combat climate change and protect vital ecosystems. Through their joint endeavor, they strive to safeguard the invaluable mangrove habitats, contributing to a sustainable and resilient future for the coastal areas of Gujarat.