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Green Credit Programme
July 3 , 2023
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- The Ministry of Environment, Forest and Climate Change (MoEFCC) has recently notified the draft ‘Green Credit Programme (GCP)’ implementation rules for 2023.
- The proposed scheme aims to encourage individuals, industries, farmers producers’ organisations (FPOs), urban local bodies (ULB), gram panchayats, and private sectors, among others, to undertake environment-friendly actions such as planting trees, conserving water, waste management, and reducing air pollution.
- By participating in these activities, entities can earn tradable “green credits” that will be incentivized through a market-based mechanism.
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