The Ministry of Environment, Forests & Climate Change (MoEFCC) has notified the final Green Credit Program rules today. 

 The Green credit programme shall incentivise environmental positive actions through 𝗺𝗮𝗿𝗸𝗲𝘁-𝗯𝗮𝘀𝗲𝗱 𝗺𝗲𝗰𝗵𝗮𝗻𝗶𝘀𝗺 𝗮𝗻𝗱 𝗴𝗲𝗻𝗲𝗿𝗮𝘁𝗲 𝗴𝗿𝗲𝗲𝗻 𝗰𝗿𝗲𝗱𝗶𝘁, 𝘄𝗵𝗶𝗰𝗵 𝘀𝗵𝗮𝗹𝗹 𝗯𝗲 𝘁𝗿𝗮𝗱𝗮𝗯𝗹𝗲 𝗮𝗻𝗱 𝗺𝗮𝗱𝗲 𝗮𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲 𝗳𝗼𝗿 𝘁𝗿𝗮𝗱𝗶𝗻𝗴 𝗼𝗻 𝗮 𝗱𝗼𝗺𝗲𝘀𝘁𝗶𝗰 𝗺𝗮𝗿𝗸𝗲𝘁 𝗽𝗹𝗮𝘁𝗳𝗼𝗿𝗺

𝗧𝗵𝗲 𝗽𝗮𝗿𝘁𝗶𝗰𝗶𝗽𝗮𝘁𝗶𝗼𝗻 𝘁𝗼 𝘁𝗵𝗲 𝗚𝗿𝗲𝗲𝗻 𝗖𝗿𝗲𝗱𝗶𝘁 𝗽𝗿𝗼𝗴𝗿𝗮𝗺𝗺𝗲 𝘂𝗻𝗱𝗲𝗿 𝘁𝗵𝗲𝘀𝗲 𝗿𝘂𝗹𝗲𝘀 𝘀𝗵𝗮𝗹𝗹 𝗯𝗲 𝗯𝗮𝘀𝗲𝗱 𝗼𝗻 𝘃𝗼𝗹𝘂𝗻𝘁𝗮𝗿𝘆 𝗽𝗮𝗿𝘁𝗶𝗰𝗶𝗽𝗮𝘁𝗶𝗼𝗻.

Green activities permitted as follows:—

  (i) tree plantation: promote activities for increasing the green cover across  the country

  (ii) water management—to promote water conservation, water harvesting and water use efficiency or water savings, including treatment and reuse of wastewater;

 (iii) sustainable agriculture—to promote natural and regenerative agricultural practices and land restoration to improve productivity, soil health and nutritional value of food produce

(iv) waste management—to promote circularity, sustainable and improved practices for waste management, including collection, segregation, and environmentally sound management;

(v) air pollution reduction—to promote measures for reducing air pollution and other pollution abatement activities;

(vi) mangrove conservation and restoration—to promote measures for conservation and restoration of mangroves;

(vi) ecomark label development—to encourage manufacturers to obtain ecomark label for their goods and services;

(vii) sustainable building and infrastructure—to encourage the construction of sustainable buildings and other infrastructure using environment friendly technologies and materials.

 The methodology for calculating the green credit in respect of any activity undertaken shall be such as may be notified by the Central Government on the recommendation of the Administrator.

The calculation of green credit in respect of any activity undertaken shall be based on equivalence of resource requirement, parity of scale, scope, size and other relevant parameters required to achieve the desired environmental outcome.

The Indian Council of Forestry Research and Education, shall be the Administrator under these rules.

The Administrator shall establish and maintain a trading platform with the approval of the Central Government. The trading platform shall perform functions regarding the trading of green credit, in accordance with the guidelines made by the Administrator with the approval of the Central Government.