A 40-km stretch along the Mumbai-Nashik national highway is being turned into a carbon sink. It will serve as a natural reservoir that stores carbon-containing chemical compounds accumulated over an indefinite period of time.
The carbon sink is a Corporate Social Responsibility initiative of Yes Bank, which is working closely with the National Highways Authority of India (NHAI) to plant 45,000 saplings over the next five years. The project, which is a part of the NHAI’s Adopt a Green Highway drive, will be implemented along the stretch from Gonde to Pimpalgaon. As of now, 14,559 of the targeted 45,462 saplings have been planted.
Namita Vikas, group president and global head, Climate Strategy and Responsible Banking, Yes Bank, said, “The bank undertook a commitment of planting saplings with an aim to help achieve India’s Nationally Determined Contribution of creating an additional carbon sink of 2.5 to 3 billion tonnes of CO2 equivalent through additional forest and tree cover by 2030.”
