CARBON EMISSION REDUCING PRACTICES UNDER GREEN CREDIT PROGRAMME WILL EARN CARBON CREDITS TOO
Any activity generating green credits under the government's Green Credit Programme (GCP) will also receive carbon credits under the Carbon Credit Trading Scheme if it leads to the reduction or removal of carbon emissions, according to a notification. The government on Thursday notified rules for the GCP, which aims to incentivise environmentally conscious practices and promote a sustainable lifestyle through a market-based mechanism. Green credits generated through such actions can be traded on a domestic market platform.
According to rules, environment-friendly actions include tree plantation, water management, sustainable agriculture, waste management, air pollution reduction, mangrove conservation and restoration, ecomark label development, and sustainable building and infrastructure. The rules also specify that green credits generated or procured by industries, companies and other entities to fulfil any legal obligation cannot be traded.