๐ฑ India launches its first government carbon bank on the Hedera platform ๐ฑ
The Government of Maharashtra, in partnership with Hashgraph Group, officially launched Indiaโs first government carbon bank, supported by the Hedera network (HBAR).
๐ Importance of this matter
๐ฎ๐ณ The first of its kind in India, aligning with the new Carbon Credit Trading System (CCT) introduced in April 2025.
๐ญ Companies operating in high-emission sectors (energy, steel, cement) must meet greenhouse gas emission targets or purchase credits through platforms like this.
โก Built on the Hedera Hashgraph platform, it provides a fast, low-cost, and energy-efficient infrastructure for trading verifiable carbon credits.
๐ Key features
Tokenized carbon credits: Secure, auditable, and real-time trading
Inclusivity: Rural farmers and small-scale carbon producers can now earn income from sustainable practices such as organic farming and reforestation
Transparency: A tamper-proof ledger that combats fraud and ensures trust
๐ค Partnerships
Mahatma Phule Backward Class Development Corporation Limited (MPBCDC)
Hashgraph Group (Hedera Solutions for Enterprises)
๐ก Importance of this initiative for HBAR
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