Articles for Green Credit

India to push for accountability, fair financing, green credit at COP29: delegates
1 month, 4 weeks ago

India to push for accountability, fair financing, green credit at COP29: delegates

The Hindu  

India’s approach at COP29 focuses on accountability, green credit, fair financing, and incremental goals for its developing economy, multiple delegates said on Monday as the latest edition of the world's most important meeting on climate change kickstarted in Baku. While moderate in terms of attendance and scale, India's primary priorities at the conference are expected to include holding developed nations …

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Urgent need to halt deforestation, check further land degradation by 2030: UN forum on forests
7 months, 4 weeks ago

Urgent need to halt deforestation, check further land degradation by 2030: UN forum on forests

Hindustan Times  

There is an urgent need to quickly halt deforestation and prevent further land degradation by 2030 for the world to stay on the path of sustainable development, the UN Forum on Forests said in a declaration at the conclusion of its 19th session on Friday. The declaration, which yet to be released, also reaffirmed the UN Strategic Plan for Forests …

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Can green credits benefit India’s forests?
8 months, 2 weeks ago

Can green credits benefit India’s forests?

The Hindu  

The Green Credit Programme, announced by the Environment Ministry in October 2023, is a market-based mechanism where individuals and companies can claim incentives called ‘green credits’ for contributions to environmental and ecological restoration. And let’s say growing 1,000 trees in a particular patch earns you one green credit per tree. In green credits, one is a biodiversity credit, one is …

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What are the new Green Credit Programme rules? | Explained
8 months, 3 weeks ago

What are the new Green Credit Programme rules? | Explained

The Hindu  

April 21, 2024 03:54 am | Updated 02:01 pm IST The story so far: On April 12, the Environment Ministry issued further guidelines on its Green Credit Programme, two months after it had prescribed rules governing the first initiative, afforestation. Under this, individuals, organisations and companies — public and private — would be encouraged to invest in sectors ranging from …

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Centre tweaks green credit programme norms
8 months, 3 weeks ago

Centre tweaks green credit programme norms

The Hindu  

Amid concerns that the Green Credit Programme, which encourages organisations and individuals to invest in afforestation project in ‘degraded’ forest lands for ‘green credits,’ may encourage tree planting for financial gains, the Union Environment Ministry — the overall coordinator of the programme — has clarified that primacy must be accorded to restoring ecosystems over merely tree planting. Two years after …

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Green credits scheme: Retd civil servants urge Centre to recall tree plantation notification
9 months, 3 weeks ago

Green credits scheme: Retd civil servants urge Centre to recall tree plantation notification

Hindustan Times  

New Delhi, A group of retired civil servants on Tuesday requested the Centre to withdraw a notification issued under the Green Credits Programme, alleging that it would make it easy for corporates to obtain forest land for their projects, leading to an "ecological disaster" and impacting the livelihoods of millions of pastoral and semi-pastoral communities. Notified on February 22, the …

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Greens uneasy over Green Credit rules
10 months, 1 week ago

Greens uneasy over Green Credit rules

New Indian Express  

NEW DELHI: In the recent Green Credit Rule 2024 announced by the government to promote tree plantations on natural forest land, environmentalists see another attempt to destroy natural forests. Through the rules, the Ministry of Environment Forest and Climate Change directed the State Forest Departments to identify degraded land parcels, including open forest and scrub land, wasteland and catchment areas, …

Climate Change Land Green Rules Forest Tree Plantation Afforestation
COP28: PM Modi's Green Credit Scheme For More Carbon Sinks Through People's Participation — Explained
1 year, 1 month ago

COP28: PM Modi's Green Credit Scheme For More Carbon Sinks Through People's Participation — Explained

ABP News  

New Delhi: Prime Minister Narendra Modi, while addressing the COP28 summit in Dubai on Friday, launched the Green Credit Initiative focused on creating carbon sinks through people’s participation. Under the government’s Green Credit Programme, environment actions will also receive carbon credits under the Carbon Credit Trading Scheme if it leads to the reduction or removal of carbon emissions. “The Green …

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'I propose that COP33 Summit in 2028 be hosted in India': PM at COP28 in Dubai
1 year, 1 month ago

'I propose that COP33 Summit in 2028 be hosted in India': PM at COP28 in Dubai

India Today  

Prime Minister Narendra Modi on Friday made a bold pitch for India to host the 33rd edition of the UN climate summit in 2028, in a way expressing confidence in his return to power for a third term when the country goes to polls in 2024. PM Modi made the remarks during the first session of the conference -- World …

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Modi for ethical AI use, worldwide crypto rules
1 year, 4 months ago

Modi for ethical AI use, worldwide crypto rules

Deccan Chronicle  

New Delhi: Focusing on inclusive growth in India, Prime Minister Narendra Modi on Sunday called for a global framework on cryptocurrencies and an ethical usage of artificial intelligence. He also highlighted a slew of issues, including the importance of consumer-centric growth, the digital revolution, green credit, the global supply chain, ISRO's Chandrayan-3 success, and the poor and middle class, among …

Business Global India Growth Prime Industry Global Growth
Green Credit Programme and India's Net Zero Transition: From Intent to Action
1 year, 5 months ago

Green Credit Programme and India's Net Zero Transition: From Intent to Action

Deccan Chronicle  

India's Net Zero transition has reached a crucial juncture with the announcement of the introduction of the Green Credit Programme and the formation of India's domestic regulated carbon market. The Green Credit Programme offers individuals, companies, and local bodies the opportunity to earn "green credits" for their contributions to sustainable activities such as tree plantation, water conservation, and waste management. …

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How will the government’s Green Credit Programme work? | In Focus podcast
1 year, 6 months ago

How will the government’s Green Credit Programme work? | In Focus podcast

The Hindu  

The Union environment ministry has notified draft rules for implementation of a Green Credit Programme. Under this programme, certain activities will earn green credits, which can also be traded – that is, bought and sold – on a trading platform. So, how will this Green Credit Programme actually work? And will the institutionalisation of green credits result in forests being …

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Centre Invites Suggestions On Draft Green Credit Programme Implementation Rules 2023, Aims At Encouraging Voluntary Environmental Actions
1 year, 6 months ago

Centre Invites Suggestions On Draft Green Credit Programme Implementation Rules 2023, Aims At Encouraging Voluntary Environmental Actions

Live Law  

The Ministry of Environment, Forest, and Climate Change has notified the Draft Green Credit Programme Implementation Rules 2023 and invited suggestions from the general public. The credit can be earned by entities for various environmental activities listed in the Draft Rules, and the green credits will be tradable on a proposed domestic market platform. Tree Plantation-based Green Credit Water-based Green …

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Come up with a well-structured green peace programme: Experts
1 year, 6 months ago

Come up with a well-structured green peace programme: Experts

Deccan Chronicle  

HYDERABAD: The ministry of environment released the Green Credit Programme ’ implementation rules 2023 on Tuesday. To achieve this objective, the government has come up with the Green Credit Programme to create a market-based mechanism to provide incentives to various stakeholders in the form of green credits. Stakeholders like individuals, far producer organisations, cooperatives, forestry enterprises, sustainable agriculture, local bodies, …

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Centre moots ‘market’ scheme to promote sustainable living
1 year, 6 months ago

Centre moots ‘market’ scheme to promote sustainable living

The Hindu  

The Environment Ministry has issued a draft notification detailing a proposed ‘Green Credit Scheme’ that will incentivise a host of activities including afforestation programmes, water conservation, waste management and remedying air pollution by allowing individuals and organisations to generate ‘Green Credits.’ These credits, through a yet to be specified mechanism, can also be traded for money. Apart from incentivising individual/community …

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Boost for green finance
4 years ago

Boost for green finance

China Daily  

LI XIN/FOR CHINA DAILY China's central bank is introducing new methods to help the country achieve its carbon neutrality objective Environmental and climate challenges remain urgent as countries respond to the COVID-19 pandemic. Green finance products in China became available quite early, and have become increasingly diversified, such as green credit, green bonds, green agricultural insurance, clean energy insurance and …

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Boost for green finance
4 years ago

Boost for green finance

China Daily  

LI XIN/FOR CHINA DAILY China's central bank is introducing new methods to help the country achieve its carbon neutrality objective Environmental and climate challenges remain urgent as countries respond to the COVID-19 pandemic. Green finance products in China became available quite early, and have become increasingly diversified, such as green credit, green bonds, green agricultural insurance, clean energy insurance and …

China Climate Financial Bank Green Finance China Daily Carbon
AIIB sets up managed credit portfolio to boost ESG standards
6 years ago

AIIB sets up managed credit portfolio to boost ESG standards

China Daily  

View of the headquarters of the Asian Infrastructure Investment Bank in Beijing, December 11, 2017. The Asian Infrastructure Investment Bank's board of directors has approved $500 million for a managed credit portfolio, which aims to develop infrastructure as an asset class, develop debt capital markets for infrastructure, and promote the integration of Environmental, Social and Governance standards in Asian capital …

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