This Act sets the legal framework around funds providing for compensatory afforestation. The rationale behind this Act is notably articulated around the concept of net present value that encompasses services such as flood moderation and carbon sequestration.
The document further creates the National Compensatory Afforestation Fund Management and Planning Authority (CAMPA) and sets its composition and powers.
In May 2020, the government announced that it would allocate Rs 6,000 crore to create jobs among indigenous tribes, in order to enhance afforestation efforts and protect ecosystems.
Compensatory Afforestation Fund Act (Act no 38 of 2016)
Summary
Documents
Each law in our database can contain one or more documents.
Document
Topics
Search results
About this law
Year
2016
Most recent update
12/05/2020
Geography
🇮🇳 India
Response areas
Disaster risk management, Mitigation
Sectors
LULUCF
Topics
, ,  
 Topics mentioned most in this law
See how often Topics get mentioned in this law and view specific passages of text highlighted in each document.
Group
Topics
Policy instrument
Risk
Impacted group
Just transition
Climate justice
Economic sector
Adaptation/resilience
Finance
Note
The summary of this document was written by researchers at the Grantham Research Institute . If you want to use this summary, please check terms of use for citation and licensing of third party data.