Draft notification out for trade in green credits
The draft notification has sought objections and suggestions from the public and will be taken into consideration on or after the expiry of 60 days | Latest News India
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The draft notification has sought objections and suggestions from the public and will be taken into consideration on or after the expiry of 60 days | Latest News India
The programme will incentivise individuals & organisations to take positive actions for the environment
The main objectives of the Green Credit Programme are to create a market based mechanism for providing incentives in the form of Green Credits to individuals, farmer producer organisations, cooperatives, forestry enterprises, sustainable agriculture enterprises, urban and rural local bodies, private sectors, industries and organisations for environment positive actions.
Mechanism will be implemented in phases. Initially, 2-3 activities from eight sectors are being considered for piloting the Programme. Later, more activities will be added from the selected sectors
The government has come out with the draft Green Credit Programme Implementation Rules 2023 for incentivising voluntary environmental actions of various stakeholders.