Financial Daily from THE HINDU group of publications
Saturday, Jun 19, 2004

Cross Currency

Group Sites

Industry & Economy - Environment

AP tribal village gets paid for pioneer green project for World Bank

Our Bureau

Hyderabad , June 18

POWERGUDA, a little-known village in Adilabad district of Andhra Pradesh, has become an environmental pioneer by selling the equivalent of 147 tonnes of carbon-dioxide in verified emission reduction to the World Bank.

The bank paid $645 to Powerguda villagers to neutralise emissions from aeroplanes and local transport used by participants attending an international conference at Washington DC, in October 2003.

This interesting transaction has put Powerguda, a watershed-project area of the International Crops Research Institute for Semi-Arid Tropics (ICRISAT), and a secluded Gond tribal village, on the global carbon trade map.

International invitees to the World Bank conference burnt aviation fuel to fly to the meeting resulting in greenhouse gas emission. To compensate for the adverse environmental impact of this, the bank paid the Powerguda villagers to grow pongamia trees in the watershed. By growing these trees, the villagers have been providing a three-fold environmental service - prevent the spread of desertification; sequester atmospheric carbon; and extract pongamia oil, which is a biodiesel. The income of villagers improved due to the watershed activities that include soil and water conservation, improved agricultural practices, integrated nutrient, and pest management.

A recent study noted a 77% increase in family income over three years, an ICRISAT release said. ICRISAT's model for watershed development is replicated in Andhra Pradesh through the Andhra Pradesh Rural Livelihoods Program.

More Stories on : Environment | Rural Development | Andhra Pradesh

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Polystyrene industry seeks removal of dumping duty

IT industry does not need tax sops: Infosys chief
As phosphoric acid price shoots up — Paswan seeks higher fertiliser subsidy
Cheap housing loans for poor urged
New launches galore at AV Max exhibition
Workers worldwide pessimistic of financially secure retirement: Study
'CMP focus on farmers, rural infrastructure good for economy'
AP tribal village gets paid for pioneer green project for World Bank
`India, Brazil must exploit trade potential'
Tanzania seeks tie-ups with India in tertiary healthcare
New radiation technique to fight cancer
MERC for 8.5 pc cut in REL tariff
NHPC net up 22%; chalks out Rs 25,000-cr investment plan
`Upswing in steel sector fortunes likely to continue'
Steel regulatory body: Draft plan to be ready by Sept
`Steel exports dip despite bullish global trends'
States agree to implement VAT from April `05 — Force review of draft service tax Bill
Textile bodies call for steps to ward off `Chinese monopoly'
KSIA to meet SIDBI officials
`Exim policy to give thrust to job creation'
IIM-C to stick to old fee structure
`Stronger IIMs can't help weaker ones'
Hotel management courses
Washing machine makers expect 7% growth this year
Food for health
Assocham calls for infrastructure equity fund
Chamber urges options to uplift socially deprived
TELK: Kerala invites EOIs for stake sale
Left parties against divestment in BSNL
SBT housing scheme for rural poor
Kerala told to suggest changes in Emigration Act
`Sustain economic growth for human development'
In Hyderabad today
Assocham wants I-T exemption limit raised to Rs 1 lakh

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line