Draft Green Credit Programme Implementation Rules, 2023 notified

By

Finance Minister proposed a Green Credit Programme, to be notified under the Environment (Protection) Act. for encouraging behavioural change by incentivizing environmentally sustainable and responsive actions by companies, individuals and local bodies. “This will help mobilize additional resources for such activities” in the Union Budget 2023-24. ( PIB )

The Environment Ministry released a draft notification on proposed ‘Green Credit Scheme’ 

Objectives of the Green Credit Programme –

(1) The main objectives of the Green Credit Programme (herein after referred as ‘Programme’) are as follows: - 

a. Create a market based mechanism for providing incentives in the form of Green Credits to individuals, Farmer Producer Organisations, cooperatives, forestry enterprises, sustainable agriculture enterprises, Urban and Rural Local Bodies, private sectors, industries and organisations for environment positive actions; 

b. Create mass movement around environment positive actions and realise the vision of "Mission LiFE" through pro-planet-people and entities.

Sectors Identified:

i. Tree Plantation-based Green Credit,

ii. Water-based Green Credit,

iii. Sustainable Agriculture based Green Credit,

iv. Waste Management based Green Credit,

v. Air Pollution Reduction based Green Credit,

vi. Mangrove Conservation and Restoration based Green Credit,

vii. Ecomark based Green Credit,

viii. Sustainable building and infrastructure based Green Credit,

The Notification  also elaborates Methodology of generating Green Credits. As per the, following committees and entities will be established.

Steering Committee:  The governance of the Programme for its effective implementation shall vest in the Steering Committee. 

Green Credit Programme Administrator:  The Green Credit Programme Administrator (herein after referred as ‘Administrator’) shall be responsible for implementation of the Programme including its management, monitoring and operation. 

The Indian Council of Forestry Research and Education shall be the Administrator of the Programme.

Technical Committee:  The Administrator may constitute technical or sectoral committees for each activity for developing methodologies, standards and processes for registration of Green Credit activities and grant of Green Credits;  

Green Credit Registry: The Administrator or its accredited agency shall establish and maintain the registry for the Programme.

Apart from these, Trading Platforms & Knowledge and Data Platform will be also established. 

MOEFCC, The Hindu

Comments

Post a Comment

Popular posts from this blog

Russian parliament passed a bill to revoke its ratification of the Comprehensive Test Ban Treaty

By
Relevance:  Russia revokes ratification of nuclear test ban treaty (CTBT) - ICAN But it affirmed that it will  retain its cooperation with the treaty’s verification system and implementing organisation.  Comprehensive Test Ban Treaty: The Comprehensive Test Ban Treaty (CTBT), which opened for signature in 1996, was intended to prohibit all nuclear weapon test explosions. Over 2,000 nuclear tests occurred between 1945 and 1996: the United States (1,000+), the Soviet Union (700+), France (200+), the United Kingdom and China (45 each). As at January 2013, 183 countries had signed the Treaty, of which 158 have also ratified it, including three of the nuclear weapon states (France, the Russian Federation and the United Kingdom). However, 44 specific nuclear technology holder countries must sign and ratify before the CTBT can enter into force. Of these, eight are still missing: China, Egypt, India , Iran, Israel, North Korea, Pakistan and the US. India , North Korea and Pakista...
Read more

Interstellar space and Interstellar Probes ( Voyager and New Horizons Missions )

By
Interstellar Space: Interstellar space is often called the space between the stars, but more specifically, it’s the region between our Sun’s heliosphere and the astrospheres of other stars. Our heliosphere is a vast bubble of plasma – a gas of charged particles – that spews out of the Sun. This outflow is known as the solar wind. The bubble surrounds the Sun and stretches beyond the planets. Both Voyager spacecraft had to travel more than 11 billion miles (17 billion kilometers) from the Sun in order to cross the edge of the heliosphere. This bubble is moving through interstellar space as the Sun orbits the center of the Milky Way galaxy. As our heliosphere plows through space, it creates a bow wave, like the wave formed by the bow of a ship. Kuiper Belt &  Oort Cloud: The Kuiper Belt is a doughnut-shaped ring of icy objects around the Sun, extending just beyond the orbit of Neptune from about 30 to 55 AU. Similar to the asteroid belt, the Kuiper Belt is a region of leftovers f...
Read more

ISRO developing semi-cryogenic engine working on LOX Kerosene propellant

By
ISRO is developing a 2000 kN thrust semi-cryogenic engine working on an LOX Kerosene propellant combination for enhancing the payload capability of LVM3 and for future launch vehicles. Liquid Propulsion Systems Centre (LPSC) is the lead centre for the development of semi-cryogenic propulsion systems with the support of other launch vehicle centres of ISRO. The assembly and testing of the propulsion modules were done at the ISRO propulsion complex (IPRC), Mahendragiri. As part of the engine development, a pre-burner ignition test article, which is a full complement of the engine power head system excluding the turbopumps is realized. The first ignition trial was conducted successfully on May 2, 2024, at semi cryo integrated engine test facility (SIET) at IPRC, Mahendragiri, which was dedicated to the nation recently by the honorable Prime Minister of India. Smooth and sustained ignition of the preburner is demonstrated which is vital for the starting of the semi-cryogenic engine. Semi-c...
Read more