MoEFCC notifies draft rules for Green Credit Programme

New Delhi, June 28 (KNN) The Ministry of Environment, Forest and Climate Change (MoEFCC) on Tuesday notified the draft ‘Green Credit Programme (GCP)’ implementation rules.

The programme is aimed at incentivising environmentally conscious practices and promoting a sustainable lifestyle known as 'LiFE' (Lifestyle for Environment).

Under this programme, individuals, industries, farmers producers organisations (FPOs), urban local bodies (ULB), gram panchayats and private sectors, among a host of other entities, will be able to earn “green credit” for undertaking environment-friendly actions. These actions include planting trees, conserving water, waste management and reducing air pollution.

As per reports, the green credits will be tradable and those earning it will be able to put these credits up for sale on a proposed domestic market platform.

Speaking to ThePrint, Union environment secretary Leena Nandan said that the draft notification will be out on public domain for 60 days for inviting objection and suggestion after which the rules will be notified.

The Green Credit Programme was initially announced by Finance Minister Nirmala Sitharaman in the union budget 2023-24, with the objective of encouraging individuals and companies to adopt responsive actions that prioritize environmental well-being.

The Green Credit Programme will be implemented under the purview of the Environment Protection Act, serving as a framework to motivate and reward eco-friendly behaviour.  (KNN Bureau)