Q. Consider the following statements regarding the Green Credit Programme:
1.It aims to incentivize voluntary environmental actions through green credits.
2.It has been launched under the National Action Plan on Climate Change.
3.Indian Council of Forestry Research and Education (ICFRE) is responsible for administering the Programme.
4.Green credits under the programme can be used for compliance with forest laws, corporate social responsibility (CSR) requirements, or Environmental, Social, and Governance (ESG) reporting norms.
How many of the statements given above are correct?
Answer: C
Notes:
Explanations –
Statements 1, 3 and 4 are correct. The Green Credit Programme is a market-based mechanism designed to encourage voluntary environmental actions by offering incentives in the form of green credits for activities like afforestation, water conservation, and waste management. The ICFRE is tasked with administering the programme, including developing guidelines, methodologies, and managing the issuance and trading of green credits. Green credits can be used to meet obligations under CSR and ESG reporting norms, as well as for compliance with compensatory afforestation requirements under forest laws.
Statement 2 is incorrect. The programme is part of the Lifestyle for Environment (LiFE) movement.
Source: The Hindu
