A green credit program must have strict standards and realistic carbon reduction targets

The Government of India has decided to go ahead and implement a domestic voluntary carbon market mechanism and has released the draft Green Credit Program 2023 Implementation Rules for public comment. The Green Credit Program (GCP) envisages that any entity, from individuals, Farmer Producer Organizations (FPOs) and cooperatives to industries and urban and rural local authorities, that carries out any of the eight listed activities such as tree planting, water conservation, sustainable agriculture, waste management, air pollution reduction, mangrove protection, eco-labeling and sustainable buildings can earn green credits. (SHAILENDRA YASHWANT)

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