India, Jan. 14 -- The Delhi Cabinet on Tuesday approved a "carbon credit monetisation framework" designed to generate revenue for environmental initiatives by converting the city's emission reductions into tradable financial assets. The move, officials said, aims to create a new funding stream for climate action without imposing additional costs on the state treasury.

Under the framework, Delhi will measure and certify greenhouse gas reductions achieved through existing green projects - such as its expanding fleet of electric buses, large-scale tree plantation drives, solar energy adoption, and improved waste management systems. These verified reductions will be converted into carbon credits and sold on domestic and international carbon ...