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Green Credits Now Linked to Canopy Density Why in the News? The Union Environment Ministry has revised rules under the Green Credit Programme (GCP), linking credits to tree survival and canopy density rather than mere numbers. Green credits will now be awarded after five years, only if 40% canopy density is achieved. Key Changes in …
Read MoreSyllabus: GS-3- Environment and ecology , Regeneration of wasteland and related policies Focus : The Environment Ministry introduced the Green Credit Programme in October 2023. It is a market-based mechanism allowing individuals and companies to claim incentives, termed ‘green credits,’ for contributions to environmental and ecological restoration. Source- GoI Understanding the Green Credit Programme Some …
Read MoreWhy in the news? Union Environment Ministry shifts focus of Green Credit Programme towards ecosystem restoration, clarifying priorities amid concerns over tree planting. source:amartus About the Green Credit Programme Norms Altered to Prioritise Ecosystem Restoration Union Environment Ministry clarifies focus of Green Credit Programme (GCP) towards ecosystem restoration over mere tree planting for financial gain. …
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