Government Releases Draft Rules for India’s ‘Green Credit’ Scheme to Encourage Voluntary Environmental Actions

The Ministry of Environment, Forest and Climate Change (MoEFCC) has recently notified the draft ‘Green Credit Programme (GCP)’ implementation rules for 2023.
The proposed scheme aims to encourage individuals, industries, farmers producers organisations (FPOs), urban local bodies (ULB), gram panchayats, and private sectors, among others, to undertake environment-friendly actions such as planting trees, conserving water, waste management, and reducing air pollution. By participating in these activities, entities can earn tradable “green credits” that will be incentivized through a market-based mechanism.