By CK Staff

New legislation approved in May by lawmakers in India’s lower house, the House of the People, would allocate $6.2 billion (U.S.) to building new forests across India.

The Compensatory Afforestation Fund Bill outlines a goal of increasing the country’s forest cover from 21 per cent at present up to 33 per cent. The budget would be drawn from an existing fund set up in 2006 to receive fees from companies operating on national forest land.

“Our forest cover will dramatically increase and it will result in achieving our target 33 per cent of tree cover and most importantly 2.5 billion tonnes of carbon sink as we have indicated in our Intended Nationally Determined Contributions [under the Paris climate agreement],” said Indian environment minister Prakash Javadekar…”