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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.

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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
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