New Delhi, Feb. 25 -- Maruti Suzuki India Limited's in-plant railway siding in Gujarat became the world's first modal shift transportation project to generate carbon credits under the Verified Carbon Standard (VCS) program of Verra. The automobile manufacturer announced on Wednesday that the project is registered to reduce approximately 1.7 lakh tonnes of carbon dioxide equivalent emissions over a 10-year crediting period starting from the 2023-24 fiscal year.

The project earns these credits by shifting the dispatch of vehicles from road transport to rail, which is a more sustainable logistics mode. According to Maruti Suzuki India, the emission reductions were quantified using the AM0090 methodology, which is prescribed under the Clean ...