WHAT IS GCP
The Green Credit Rules have been notified by the Government of India on 12th October 2023 under the Environment Protection Act, 1986, as mechanism to encourage voluntary plantation activity across the country, resulting in award of Green Credits and to build an inventory of degraded land which can be utilised for Afforestation programmes. Hon’ble Prime Minister of India mentioned in the G20 summit in 2023 that “I feel this is the time to talk about green credit, India is working in this direction by developing Green Credit Framework through which we can initiate climate positive actions.” and “we should think towards how to develop business by using Green Credit Program, which is positive for developing ‘Pro Planet People’.