Why In news?

• India's first carbon neutral Village is being developed in Bhiwandi Taluka of Thane district, Maharashtra.

About:

=> Carbon neutrality means having a balance between emitting carbon and absorbing carbon from the atmosphere in carbon sinks.

=> Carbon sequestration: Removing carbon dioxide from the atmosphere and then storing it is known as carbon sequestration.

=> Carbon sink is any system that absorbs more carbon than it emits.

=> The main natural carbon sinks are soil, forests and oceans.

=> To date, no artificial carbon sinks are able to remove carbon from the atmosphere on the scale to fight global warming.

=> Carbon offsetting: Another way to pursue carbon neutrality is to offset emissions made in one sector by reducing them somewhere else.

=> This can be done through investment in renewable energy, energy efficiency or other clean, low-carbon technologies.

India’s Net Zero Target:

• In 2021, at COP-26, India announced an ambitious target for achieving net zero GHG-emission by 2070.