The ministry of environment, forests and climate change (MoEFCC) on Tuesday, issued the draft ‘Green Credit Programme Implementation Rules 2023’ under the Environment Protection Act, 1986. The draft has proposed generation and trading of green credits. The move follows Finance Minister's announcement in her union budget speech this year where she announced the creation of a Green Credit Programme. The mechanism will be implemented in phases.  Initially, 2-3 activities from the eight sectors are being  considered for designing and piloting the Programme. More activities will be added from the selected sectors subsequently. The eight identified sectors include increasing the green cover across the country through tree plantation and related activities; water conservation and harvesting, water-use efficiency; natural and regenerative agricultural practices and land restoration, soil health and nutritional value of food produced; waste management and steps for reducing air pollution and other pollution abatement activities. The draft has also included mangrove conservation and restoration-based green credit to promote measures for the conservation and restoration of mangroves. Ecomark-based green credit encourages manufacturers to obtain eco-mark labels for their goods and services and sustainable building and infrastructure-based Green Credit encourage the construction of buildings and other infrastructure using sustainable technologies and materials.The trading platform for the exchange of green credits shall be established by the trading service provider accredited by the administrator in accordance with the approved guidelines (ICE NEW DELHI)

Fonte notizia: The Business Standard