Download Learnerz IAS app from the Play Store now! Download



Green Credit Programme UPSC NOTE

 Introduction of Green Credit Programme:

  • Announced by the Environment Ministry in October 2023.

  • A market-based mechanism offering incentives termed as 'green credits' for environmental and ecological contributions by individuals and companies.

Criticism and Concerns:

  • Criticism suggests potential misuse to circumvent existing forest conservation laws.

  • Question arises regarding the effectiveness of green credits in benefiting India's forests amidst existing challenges.

Understanding the Green Credit Programme:

Vaibhav Chaturvedi's Perspective:

  • Advocates incentivizing green and sustainable actions through policies.

  • Green credits serve as an incentive structure to engage various stakeholders in actions like water conservation and afforestation.

Debadityo Sinha's Perspective:

  • Highlights the market-based nature of the program across sectors like forest and waste management.

  • Emphasizes the importance of effective implementation considering ground-level challenges and expertise of implementers.

Concerns about Afforestation:

  • Discussion on potential negative consequences of afforestation, such as monocultures and unsuitable vegetation promotion.

  • Emphasizes the need for a broader view beyond just planting trees and addressing various aspects of the ecosystem.

Challenges in Market Mechanism:

  • Discussion on challenges like measuring biodiversity impact and achieving ecosystem revival.

  • Fungibility issues arise in equating different types of credits (e.g., biodiversity, water conservation) on the same platform.

Impact on Mandatory Compliances:

  • Green credits' influence on mandatory compliances like forest clearances.

  • Concerns raised about clashes with existing environmental laws, particularly the Forest Conservation Act.

Clashes with Environmental Laws:

  • Clear clashes observed with the Forest Conservation Act due to lack of definitions for terms like forest and degraded forest.

  • Concerns about bypassing forest clearance processes for industries seeking green credits, compromising environmental law principles.

Conclusion and Recommendations:

  • Suggests the need for a nuanced approach to address complexities in environmental law and strengthen compliance processes.

  • Emphasizes the importance of considering all environmental aspects and avoiding compromises in favor of industrial growth.



Amritsar,1,April 2024,301,Art & Culture,1,August 2023,251,Courses,7,Daily Current Affairs,48,December 2023,189,Disaster Management,2,Environment and Ecology,54,February 2024,228,Foundation Course,1,GDP,1,GEMS Club,1,GEMS Plus,1,Geography,67,Govt Schemes,2,GST,1,History,2,Home,3,IAS Booklist,1,Important News,71,Indian Economy,46,Indian History,2,Indian Polity,56,International Organisation,12,International Relations,58,Invasive Plant,1,January 2024,240,July 2023,281,June 2022,6,June 2023,268,March 2024,238,May 2022,17,May 2024,233,Mentorship,2,November 2023,169,October 2023,203,Places in News,2,Science & Technology,66,September 2023,205,UPSC CSE,111,
Learnerz IAS | Concept oriented UPSC Classes in Malayalam: Green Credit Programme UPSC NOTE
Green Credit Programme UPSC NOTE
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content