• UGI USER
  • May 20, 2024
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“GOVERNMENT APPROVES 12 GREENING PROJECTS UNDER GREEN CREDIT PROGRAM” 

Why in the news?

  • The Centre has approved 12 projects under the Green Credit Program (GCP), aimed at incentivizing voluntary environmental actions.
  • 24 additional plans from state forest departments are currently under consideration for approval.
Source:Outlookplanet

Green Credit Program (GCP):

  • Market-based mechanism for voluntary environmental actions.
  • Targets individuals, communities, and private sector
  • Part of the ‘LiFE’ initiative from COP26
  • Covered Activities: Tree Plantation, Water Management, Sustainable Agriculture, Waste Management: Reduction, Restoration:
  • Indian Council of Forestry Research and Education (ICFRE) oversees financial contributions, which are executed by State forest departments.
About Lifestyle for the Environment (LiFE) Movement:

  • Introduced by India at COP26 in Glasgow in 2021
  • Promotes environmentally conscious lifestyle
  • Focuses on mindful and deliberate utilization over mindless consumption
  • Aims to replace “use-and-dispose” economy with circular economy
  • Create and nurture a global network of ‘Pro-Planet People’ (P3).

Indian Council of Forestry Research and Education (ICFRE):

  • Establishment: Created in 1986 under the Central Ministry of Environment and Forests
  • Headquarters: Dehradun
  • Largest Organization: Responsible for forestry research in India
  • Affiliation: Autonomous organization under MoEFCC, Government of India.

Associated Article:

https://universalinstitutions.com/centre-refocuses-green-credit-programme-on-ecosystem-restoration-addressing-tree-planting-concerns/