The Green Credit Program (GCP) is a pioneering market-based process under which the Individuals, NGOs, Communities & Business entities could be provided incentives for their voluntary activities for environmental conservation & sustainable development.
To advance the 'LiFE' - 'Lifestyle for Environment' initiative, the Ministry of Environment, Forest and Climate Change launched the Green Credit Program (GCP) in October 2023. This national endeavor aims to tackle climate change, promote sustainability, and encourage eco-conscious practices.
The 'LiFE' initiative, introduced by the Government of India, is a grassroots, widespread movement focusing on the protection and conservation of the environment. It seeks to achieve environmental and climate benefits by fostering actions that promote a healthy and sustainable lifestyle based on traditions and values of conservation and moderation. This initiative also aims for sustainable and environmentally friendly development.
Green Credit Program operates independently of the carbon credit system established by the Carbon Credit Trading Scheme, 2023, under the Energy Conservation Act, 2001 (52 of 2001). While an environmental activity generating green credit may have climate co-benefits, such as carbon emissions reduction or removal, the Green Credit Program allows for the recognition of such activities separately, emphasizing the potential dual benefits of generating both green and carbon credits from the same activity.
Here are some main features of the Green Credit Program that have been discussed below:
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