Daily News Analysis

Green Credit

16 Oct,2023 Download Pdf 3 Min Read

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:
1. Tree plantation
2. Water management
3. Sustainable agriculture
4. Waste management
5. Air pollution reduction
6. 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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