Green Credit
16 Oct 2023 3 mins Download PDF
Green Credit
- It is a special programme that allows an individual or entity to earn Green Credit and trade it on a dedicated exchange.
- Green Credit refers to a unit of an incentive provided for specified activities that deliver a positive impact on the environment.
- It is launched at the national level to leverage a competitive market-based approach for incentivising environmental actions of various stakeholders
- It is also a follow-up action of the ‘LiFE’ (Lifestyle for Environment) campaign and is a voluntary programme for adoption.
- The programme shall include eight types of activities:
- Tree plantation
- Water management
- Sustainable agriculture
- Waste management
- Air pollution reduction
- Mangrove conservation and restoration.
- The Green Credit generated or procured to fulfil any obligation, shall not be tradeable.
- The Green Credit programme is independent of the carbon credit provided under the Carbon Credit Trading Scheme, 2023 under the Energy Conservation Act, 2001.
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