India’s environment minster has announced that his government plans to invest $200 million in the conservation of forests in the country. His ministry will also measure and report the amount of carbon the forests capture.
While announcing the scheme, the minister reiterated his government’s stance that conservation and protection of forests is one of the most important aspects in the global fight against climate change. In addition, stopping deforestation and reforestation are the simplest and one of the most cost efficient methods of offsetting carbon emissions.
The Indian government carefully timed the announcement of such plan given the increasing pressure from developed countries to commit of some kind of emission reduction goals. China is already in talks with the United States for a potential deal on reduction of sectoral carbon emissions and India, being the other major developing country, is feeling the mounting pressure.