Draft Green Credit Programme : Implementation Rules
The Central Government recently proposed Draft Green Credit Programme Implementation Rules.
- GCP aims to promote a sustainable lifestyle through a market-based mechanism.
- As per the scheme, individuals, industries, farmers producer’s organisations (FPOs), urban local bodies (ULB), gram panchayats, and the private sector, among a host of other entities, will be able to earn green credit for undertaking environment-friendly actions.
- Green credits generated through such actions can be traded on a domestic market platform.
- These Green Credits will be over and above the current discourse of carbon credits. Any activity generating green credits under the GCP will also receive carbon credits under the Carbon Credit Trading Scheme if it leads to the reduction or removal of carbon emissions.
- The green credits generated or procured by industries, companies and other entities to fulfil any legal obligation cannot be traded.
- Implementing Agency: The Indian Council of Forestry Research and Education (ICFRE), an autonomous organisation under the MoEFCC, is responsible for effectively implementing the Green Credit programme, including its management and operation.