Notification issued for Green Credit Program (GCP) and Ecomark scheme Under LiFE Initiative

Source: The post is based on the article “Notification issued for Green Credit Program (GCP) and Ecomark scheme Under LiFE Initiative” published in “PIB” on 14th October 2023

What is the News?

Government of India has notified two initiatives Green Credit Programme(GCP) and Ecomark scheme.

What is the Green Credit Programme(GCP)?

Green Credit Programme(GCP) is a market-based mechanism that aims to incentivize voluntary environmental actions by various stakeholders like individuals, communities, private sector industries and companies.

Features of the programme: The program focuses on two key activities: water conservation and afforestation.

– These activities can earn green credits certificates.

– The certificates can be traded – that is, bought and sold – on a trading platform.

– To obtain these Green Credits, individuals and entities must register their actions through the government’s website. The Administrator verifies the activities and will then grant a Green Credit certificate.

Implementing and Monitoring Agency: The Indian Council of Forestry Research and Education (ICFRE) 

What is Ecomark Scheme?

Ecomark Scheme provides accreditation and labelling for household and consumer products that meet specific environmental criteria while maintaining quality standards as per Indian norms. 

Products accredited under this scheme will adhere to specific environmental criteria ensuring minimal environmental impact.

Administered by: Central Pollution Control Board in partnership with Bureau of Indian Standards(BIS).

Significance: Will build consumer awareness of environmental issues and encourage eco-conscious choices. 

– Motivates manufacturers to shift towards environmentally friendly production.