BMC earns Rs20 cr from carbon credits

The Brihanmumbai Municipal Corporation (BMC) will receive Rs20 crore in lieu of carbon credit from the Asian Development Bank.
The BMC earned its carbon credit from the Gorai dumping ground, which becomes the first garbage dump in the country to earn ‘carbon credits’. The BMC sold it to recover the money it spent on closing the dumping site.

However, as the garbage decomposes, it will emit huge amounts of methane gas by next year. The BMC decided to generate electricity from this methane gas, and has put vents in the ground to tap the gas

“The carbon credit does not check global warming but it has earned the BMC handsome revenue,” said additional municipal commissioner RA Rajeev. “The first installment in lieu of carbon credit will earn the BMC Rs20 crore by March 31.”