General Awareness and Public Opinion
Centre unveils tradeable Green Credit
- The government has introduced a special programme allowing an individual or entity to earn Green Credit and trade it on a dedicated exchange.
- It is being launched at the national level.
- It aims to leverage a competitive market based approach for incentivising environmental actions.
- To obtain credits one needs to register the activity via a website
- It will cover 8 types of activities, including
- Tree plantation
- Water management
- Sustainable agriculture.
- Waste management
- Air pollution reduction
- Mangrove conservation and restoration
- It is a follow-up action of the ‘LiFE’ (Lifestyle for Environment) campaign.
Note
- Green Credit: Unit of an incentive provided for specified activities that deliver a positive impact on the environment.
- The Green credit under the programme is independent of the carbon credit provided under the Carbon Credit Trading Scheme, 2023 under the Energy Conservation Act, 2001.
About LiFE’ (Lifestyle for Environment) campaign
- Launch – June 5, 2022.
- Aim – To live a lifestyle that is in tune with our planet and does not harm it. And those who live such a lifestyle are called “Pro-Planet People”
About Carbon Credit Trading Scheme
- Objective – To develop the domestic carbon market as the country aims at decarbonising the economy and has committed to cut emissions by 45% from the 2005 levels by 2030.
- Launched by – Ministry of Power
