#news
🌱 India Launches First State Carbon Bank on Hedera 🌱
The Government of Maharashtra, in partnership with The Hashgraph Group, has officially launched India’s first State Carbon Bank, powered by the Hedera ($HBAR ) network.
🔑 Why this matters
🇮🇳 First of its kind in India, aligning with the new Carbon Credit Trading (CCT) Scheme introduced in April 2025.
🏭 Companies in high-emission sectors (power, steel, cement) must meet GHG targets or buy credits through platforms like this.
⚡ Built on Hedera Hashgraph, offering fast, low-cost, and energy-efficient infrastructure for verifiable carbon credit trading.
🌍 Key Features
Tokenized carbon credits: Secure, auditable, real-time trading
Inclusivity: Rural farmers + small-scale carbon generators can now monetize sustainable practices like organic farming & afforestation
Transparency: Immutable ledger combats fraud & ensures trust
🤝 Partnerships
Mahatma Phule Backward Class Development Corporation Ltd. (MPBCDC)
The Hashgraph Group (enterprise-grade Hedera solutions)
💡 Why it’s big for HBAR
This initiative positions Hedera at the center of India’s climate action strategy, proving its tech can power large-scale ESG solutions and bridge innovation with regulation.
👉 With Maharashtra leading, could other Indian states follow?
