Consider the following statements regarding India's Green Credit Programme:
1. It provides credits for verified voluntary environmental actions like afforestation and water harvesting.
2. It operates under the Environment (Protection) Act, 1986.
3. Credits are tradable and recognized by financial institutions.
All 1, 2 and 3 are correct
The Green Credit Programme, notified in October 2023 under the Environment (Protection) Act, 1986, rewards voluntary environmental actions such as tree planting and water harvesting with green credits once they are verified.
These credits can be traded on a domestic market platform, giving them value for companies and institutions. So all three statements are correct.
Hence, All 1, 2 and 3 are correct.
Similar Questions
What is the name of the global summit for Climate Change 2021 in which the Indian PM pledged a net zero emissions target?
- The Vienna Convention is related to ________.
As per the Forest (Conservation) Amendment Act, 2023, which of the following categories of land is not covered under the provisions of the Act?
Consider the following statements about the National Adaptation Fund for Climate Change (NAFCC):
1. It provides direct financial support to individual farmers for crop loss due to climate change.
2. It is managed by the Ministry of Environment, Forest and Climate Change.
3. It funds projects proposed by State and Union Territory governments.
Important Questions from Environment Policies Acts and Conventions
What is the name of the global summit for Climate Change 2021 in which the Indian PM pledged a net zero emissions target?
Which of the following statements is/are true?
(A) COP28 is proposed to be held in New Delhi, India.
(B) The first UN Climate Change Conference was held in 1995.
(C) The first UN Climate Change Conference was held in Paris, France.
Which country has introduced new HS codes for GI-tagged rice exports?
Which key government initiative was highlighted at the ‘Waste Recycling and Climate Change 2025’ conclave for waste management?
Where the UN Climate Change Conference-2018 was held?
