Developers in Gurugram’s Matri Van Earn Green Credits for Trees
GURUGRAM: Developers planting trees in the Matri Van area can now earn green credits, announced Union Environment Minister Bhupender Yadav on Thursday. The Matri Van covers approximately 750 acres in the Aravali range. Initially launched as a “memory forest” for organizations and companies to plant saplings in honor of loved ones or under corporate social responsibility (CSR) initiatives, the project has transitioned from a symbolic effort to one where planted saplings can yield credits—akin to carbon credits—that can be sold or used against future environmental obligations. Yadav noted that plantations achieving 40% crown cover on degraded lands within five years…