To combat climate challenges, the Finance Commission needs to step up
Conservation of standing forests and increasing forest cover density helps lock carbon underground contributing to mitigation of global warming as they act as sinks of Carbon. And India is actively engaging in the same, having mobilised and distributed over Rs 4.5 lakh crore to states against not only their forest cover but also forest density, the 15th Finance Commission (FC) effectively became the largest payment for ecosystem services (PES) systems in the world. Read more