The Forest Advisory Committee has approved a scheme that could allow “forests” to be traded as a commodity. If implemented, it allows the Forest Department to outsource one of its responsibilities of reforesting to non-government agencies.
- In the current system, industry needs to make good the loss of forest by finding appropriate non-forest land — equal to that which would be razed.
- It also must pay the State Forest Department the current economic equivalent — called Net Present Value — of the forest land.
- It’s then the department’s responsibility to grow appropriate vegetation that, over time, would grow into forests.
- Industries have often complained that they find it hard to acquire appropriate non-forest land, which has to be contiguous to existing forest.
- Nearly ₹50,000 crore had been collected by the Centre over decades, but the funds were lying unspent because States were not spending the money on regrowing forests.
Green Credit Scheme:
- The proposed ‘Green Credit Scheme’ allows agencies — they could be private companies, village forest communities — to identify land and begin growing plantations.
- After three years, they would be eligible to be considered as compensatory forest land if they met the Department’s criteria.
Important Info :
The Forest Advisory Committee (FAC) of the Environment Ministry is a statutory body. It is tasked with adjudicating requests by the industry to raze forest land for commercial ends. It comprises official members in the Centre’s forestry division and independent experts, who are the non-official members.Source : The Hindu