Green Credit Programme
Green Credit Program is a program announced by Government of India on October 2023 to promote Lifestyle for Environment (LiFE) initiative proposed by Prime Minister Of India Narendra Modi at the Conference of the Parties to the UNFCCC (COP27) held in Sharm El-Sheikh,Egypt, in 2022.
Objective
Green Credit Program announced by Government of India on 13 October 2023 was to launch Lifestyle for Environment (LiFE) initiative proposed by Prime Minister Narendra Modi at the conference of COP held in Sharm El-Sheikh, Egypt. [1] It is claimed to be innovative mechanism driven in the market with the main aim of providing incentives for participating in voluntary environmental actions across different sectors consisting of individuals,societies and industries and companies in private sector. [2] The scheme aims at promoting plantation on degraded wasteland and helps in generating green credits. [3]
Types of Activities
Green Credit Program covers eight types of activities[4]
Procedure
Green Credit Program is designed to avail credit by online registeration by the firm of its activities in a website electronically and claim green credit. [4][4]
See Also
References
- ^ "Why experts aren't happy with Centre's Green Credit Program methodology". The Week. 27 February 2024. Retrieved 23 April 2024.
- ^ Vanak, Anuja Malhotra & Abi Tamim (24 February 2024). "How green is the green credit programme?". Frontline. Retrieved 23 April 2024.
- ^ "What is the Green Credits scheme, which PM Modi mentioned at COP28". The Indian Express. 1 December 2023. Retrieved 23 April 2024.
- ^ a b c Sinha, Shishir (14 October 2023). "Govt launches Green Credit to incentivise eco-friendly actions". BusinessLine. Retrieved 23 April 2024. Cite error: The named reference "gc3" was defined multiple times with different content (see the help page).
External links