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GROW FOREST MECHANISM
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Grow Forest Certificate (GFC)
Objective Expanding the forest cover qualitatively by regenerating degraded forest land Integrating private sector organizations with State forest departments & NAEB in promoting forestation
and ecological restoration activities
Focus area Local Poor lively hood at the centre of this PPCP initiative Win-win deal for all stakeholders Clarity on the purpose of developing partnership and shared vision Government works as facilitator Appropriate monitoring mechanism Control over forests lies with the government
Stake holders Private Entity State Forest Department / Ministry of Environment & Forests State Forest Development Corporation (FDC) Local Panchayat/ Local Communities
GFC seeks to balance Environment sustainability while boosting infrastructural growth of India.
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GFC - Merits
Free up Government’s
financial resources
Assured greater efficiency of forest development due
to private engagement
Employment for local
communities
CERs accrued. 50:50 between
FDC and Private Developer
Freeing up arable land
Ease of access for Coal mines
Sustainable business model
CERs accrued. Future possibility of
CER trading
Market linked pricing for GFCs
assure future returns
The Government
Public entity
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•Identification & maintenance of records for degraded forest land parcels by respective state FDC
•FDC invites bids for regeneration of degraded land parcels from private entities
•Degraded land parcel developed under PPCP framework for 3 years by successful bidders
•Local villagers employed for implementation
•Post 3 years, land parcel reviewed by FDC. Grow Forest Certificate (GFC) awarded to private developer based on the survival percentage and total area developed.
•GFC tradable on exchanges on similar lines as the Carbon Emission Reduction Certificate (CER)
•GFC to be used against compensatory afforestation for seeking forestry approvals under Forest Conservation Act 1980
GFC - Mechanism
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