Green Credit Programme Implementation Rules, 2023

Introduction

The Ministry of Environment, Forest & Climate Change has introduced the Green Credit Programme Implementation Rules, 2023, based on India’s mission LiFE (Lifestyle for Environment). This rule aims to incentivize environmentally positive actions through a market-based mechanism.

Objectives of the Green Credit Programme

The Green Credit Programme has two main objectives:

1. Incentives for Environmental Actions: It aims to provide Green Credits to a wide range of entities, including individuals, Farmer Producer Organisations, cooperatives, forestry enterprises, sustainable agriculture enterprises, Urban and Rural Local Bodies, private sectors, industries, and organizations for their environmental efforts.
2. Mass Movement for Environmental Visio: It seeks to create a mass movement around environmental actions, realizing the “Mission LiFE” vision by promoting pro-planet practices among people and entities.

Implementation Mechanism

The Programme will adopt a phased and iterative approach:

1. Initial Phase: The first phase will pilot two to three activities from the sectors listed below.
2. Subsequent Phases: Additional activities and sectors may be incorporated with Central Government approval.

Identified Sectors and Objectives

  • Tree Plantation-based Green Credit: To increase green cover through tree plantation and related activities.
  • Water-based Green Credit: To promote water conservation, harvesting, and efficiency, including wastewater treatment and reuse.
  • Sustainable Agriculture-based Green Credit: To encourage natural and regenerative agricultural practices and land restoration.
  • Waste Management-based Green Credit: To improve waste management practices, including collection, segregation, and treatment.
  • Air Pollution Reduction-based Green Credit: To support measures for reducing air pollution.
  • Mangrove Conservation and Restoration-based Green Credit: To promote conservation and restoration of mangroves.
  • Ecomark-based Green Credit: To encourage manufacturers to obtain Ecomark certification for their products.
    Sustainable Building and Infrastructure-based Green Credit: To promote the use of sustainable technologies and materials in construction.

Conclusion

The Green Credit Programme aims to drive significant environmental improvements by incentivizing positive actions across various sectors. Through its phased implementation and broad scope, the Programme seeks to align with India’s mission LiFE and promote sustainable practices nationwide.

For more details, Click on the below-given link.

Download – Green Credit Programme Implementation Rules, 2023


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