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

๐ŸŸขย The Green credit programme shall incentivise environmental positive actions through ๐—บ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜-๐—ฏ๐—ฎ๐˜€๐—ฒ๐—ฑ ๐—บ๐—ฒ๐—ฐ๐—ต๐—ฎ๐—ป๐—ถ๐˜€๐—บ ๐—ฎ๐—ป๐—ฑ ๐—ด๐—ฒ๐—ป๐—ฒ๐—ฟ๐—ฎ๐˜๐—ฒ ๐—ด๐—ฟ๐—ฒ๐—ฒ๐—ป ๐—ฐ๐—ฟ๐—ฒ๐—ฑ๐—ถ๐˜, ๐˜„๐—ต๐—ถ๐—ฐ๐—ต ๐˜€๐—ต๐—ฎ๐—น๐—น ๐—ฏ๐—ฒ ๐˜๐—ฟ๐—ฎ๐—ฑ๐—ฎ๐—ฏ๐—น๐—ฒ ๐—ฎ๐—ป๐—ฑ ๐—บ๐—ฎ๐—ฑ๐—ฒ ๐—ฎ๐˜ƒ๐—ฎ๐—ถ๐—น๐—ฎ๐—ฏ๐—น๐—ฒ ๐—ณ๐—ผ๐—ฟ ๐˜๐—ฟ๐—ฎ๐—ฑ๐—ถ๐—ป๐—ด ๐—ผ๐—ป ๐—ฎ ๐—ฑ๐—ผ๐—บ๐—ฒ๐˜€๐˜๐—ถ๐—ฐ ๐—บ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฝ๐—น๐—ฎ๐˜๐—ณ๐—ผ๐—ฟ๐—บ
๐ŸŸก๐—ง๐—ต๐—ฒ ๐—ฝ๐—ฎ๐—ฟ๐˜๐—ถ๐—ฐ๐—ถ๐—ฝ๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐˜๐—ผ ๐˜๐—ต๐—ฒ ๐—š๐—ฟ๐—ฒ๐—ฒ๐—ป ๐—–๐—ฟ๐—ฒ๐—ฑ๐—ถ๐˜ ๐—ฝ๐—ฟ๐—ผ๐—ด๐—ฟ๐—ฎ๐—บ๐—บ๐—ฒ ๐˜‚๐—ป๐—ฑ๐—ฒ๐—ฟ ๐˜๐—ต๐—ฒ๐˜€๐—ฒ ๐—ฟ๐˜‚๐—น๐—ฒ๐˜€ ๐˜€๐—ต๐—ฎ๐—น๐—น ๐—ฏ๐—ฒ ๐—ฏ๐—ฎ๐˜€๐—ฒ๐—ฑ ๐—ผ๐—ป ๐˜ƒ๐—ผ๐—น๐˜‚๐—ป๐˜๐—ฎ๐—ฟ๐˜† ๐—ฝ๐—ฎ๐—ฟ๐˜๐—ถ๐—ฐ๐—ถ๐—ฝ๐—ฎ๐˜๐—ถ๐—ผ๐—ป.
โšซGreen activities permitted as follows:โ€”
ย  (i) tree plantation: promote activities for increasing the green cover acrossย  the country
ย  (ii) water managementโ€”to promote water conservation, water harvesting and water use efficiency or water savings, including treatment and reuse of wastewater;
ย (iii) sustainable agricultureโ€”to promote natural and regenerative agricultural practices and land restoration to improve productivity, soil health and nutritional value of food produce
(iv) waste managementโ€”to promote circularity, sustainable and improved practices for waste management, including collection, segregation, and environmentally sound management;
(v) air pollution reductionโ€”to promote measures for reducing air pollution and other pollution abatement activities;
(vi) mangrove conservation and restorationโ€”to promote measures for conservation and restoration of mangroves;
(vi) ecomark label developmentโ€”to encourage manufacturers to obtain ecomark label for their goods and services;
(vii) sustainable building and infrastructureโ€”to encourage the construction of sustainable buildings and other infrastructure using environment friendly technologies and materials.
๐Ÿ”ตย 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.
๐Ÿ”ตThe 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.
๐Ÿ”ตThe Indian Council of Forestry Research and Education, shall be the Administrator under these rules.
๐Ÿ”ตThe 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.
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