A rigorous analysis of 44 carbon credit projects found that most reduced deforestation to some degree, yet they issued credits for nearly 11 times more forest protection than actually occurred on average.

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India's Union Budget 2026 includes a ₹20,000 crore outlay for a carbon credit programme, leading to debate over its focus on heavy industries or farmers. Official documents link it to Carbon Capture, Utilisation, and Storage (CCUS) for hard-to-abate sectors, while some narratives highlight potential income for farmers through sustainable practices.

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