{"id":345537,"date":"2025-09-01T17:46:39","date_gmt":"2025-09-01T12:16:39","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=345537"},"modified":"2025-09-01T17:46:39","modified_gmt":"2025-09-01T12:16:39","slug":"green-credit-programme-gcp","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/green-credit-programme-gcp\/","title":{"rendered":"Green Credit Programme (GCP)"},"content":{"rendered":"<p><strong>News<\/strong><strong>: <\/strong>The Environment Ministry notified a new methodology on <strong>August 29<\/strong> for tree-plantation credits under the Green Credit Programme (GCP).<\/p>\n<h2>About Green Credit Programme (GCP)<\/h2>\n<figure id=\"attachment_345552\" aria-describedby=\"caption-attachment-345552\" style=\"width: 465px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\" wp-image-345552\" src=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/09\/Source-FinMin.jpg?resize=465%2C324&#038;ssl=1\" alt=\"\" width=\"465\" height=\"324\" srcset=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/09\/Source-FinMin.jpg?resize=300%2C209&amp;ssl=1 300w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/09\/Source-FinMin.jpg?resize=1024%2C712&amp;ssl=1 1024w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/09\/Source-FinMin.jpg?resize=768%2C534&amp;ssl=1 768w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/09\/Source-FinMin.jpg?w=1248&amp;ssl=1 1248w\" sizes=\"auto, (max-width: 465px) 100vw, 465px\" \/><figcaption id=\"caption-attachment-345552\" class=\"wp-caption-text\">Source &#8211; FinMin<\/figcaption><\/figure>\n<ul>\n<li>It is an <strong>innovative market-based mechanism<\/strong> designed to <strong>incentivize voluntary environmental actions<\/strong> across diverse sectors, by various stakeholders like individuals, communities, private sector industries, and companies.<\/li>\n<li><strong>Launched:<\/strong> It was launched in November 2023 at COP28 in Dubai by the Prime Minister of India.<\/li>\n<li><strong>Operated by:<\/strong> The GCP&#8217;s governance framework is supported by an <strong>inter-ministerial Steering Committee<\/strong>.<\/li>\n<li>The Indian Council of Forestry Research and Education (<strong>ICFRE<\/strong>) serves as the <strong>GCP Administrator<\/strong>, responsible for program implementation, management, monitoring, and operation.<\/li>\n<li><strong>Legal basis:<\/strong> The <strong>Green Credit Rules<\/strong> have been notified by the Government of India on 12th October 2023 under the <strong>Environment Protection Act, 1986<\/strong>.<\/li>\n<li><strong>Major changes in Rules<\/strong>\n<ul>\n<li><strong>Award timeline<\/strong>\n<ul>\n<li><strong>Current provision:<\/strong> Credits are awarded only after 5 years.<\/li>\n<li><strong>Earlier provision:<\/strong> Credits could be awarded within 2 years.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Canopy density criterion<\/strong>\n<ul>\n<li><strong>Current provision:<\/strong> A minimum canopy density of 40% is required.<\/li>\n<li><strong>Earlier provision:<\/strong> The benchmark was 1,100 trees per hectare.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Calculation method<\/strong>\n<ul>\n<li><strong>Current provision:<\/strong> Credits are calculated using vegetation status, change in canopy density, and the number of surviving trees.<\/li>\n<li><strong>Earlier provision:<\/strong> Credits were calculated based on meeting the per-hectare planting density benchmark.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Unit of credit definition<\/strong>\n<ul>\n<li><strong>Current provision:<\/strong> One green credit for each new tree older than 5 years.<\/li>\n<li><strong>Earlier provision:<\/strong> The earlier methodology did not specify that one green credit would be awarded per tree older than five years.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Verification and evaluation<\/strong>\n<ul>\n<li><strong>Current provision:<\/strong> Credits are issued after evaluation and verification by designated agencies.<\/li>\n<li><strong>Earlier provision:<\/strong> Not expressly specified earlier.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Credit tradability and transfer<\/strong>\n<ul>\n<li><strong>Current provision:<\/strong> Non-tradable and non-transferable. Exception: transfer allowed between a holding company and its subsidiaries.<\/li>\n<li><strong>Earlier provision:<\/strong> Market-based trading on a platform was provided.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News: The Environment Ministry notified a new methodology on August 29 for tree-plantation credits under the Green Credit Programme (GCP). About Green Credit Programme (GCP) It is an innovative market-based mechanism designed to incentivize voluntary environmental actions across diverse sectors, by various stakeholders like individuals, communities, private sector industries, and companies. Launched: It was launched&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/green-credit-programme-gcp\/\">Continue reading <span class=\"screen-reader-text\">Green Credit Programme (GCP)<\/span><\/a><\/p>\n","protected":false},"author":10393,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,4182,956,12039],"tags":[11872],"class_list":["post-345537","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-environment","category-schemes-and-programs","category-knolls","tag-9pm-daily-factly","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/345537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10393"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=345537"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/345537\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=345537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=345537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=345537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}