- The Green Credit Programme (GCP) was introduced in the 2023-24 Union Budget. It aims to create a market-based mechanism to incentivize voluntary environmental actions by various stakeholders.
- The Ministry of Environment, Forest, and Climate Change implements the GCP. The program aims to establish a robust market for green credits, encouraging investments and innovations in sustainable practices.
- It represents a significant step towards integrating sustainability into India’s economic framework, encouraging stakeholders to participate in environmental stewardship while benefiting economically from their contributions to a greener future.
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