Govt makes draft rules to incentivise voluntary environmental actions ...Middle East

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Govt makes draft rules to incentivise voluntary environmental actions
source : Business Standard ( Middle East ) () 33
The government has come out with the draft Green Credit Programme Implementation Rules 2023 for incentivising voluntary environmental actions of various stakeholders. According to a notification issued by the Environment Ministry, the Green Credit programme encourages private sector industries and companies as well as other entities to meet their existing obligations, stemming from other legal frameworks, by taking actions which are able to converge with activities relevant for generating or buying Green Credits. The main objectives of the Green Credit Programme are to create a market based mechanism for providing incentives in the form of Green Credits to individuals, farmer producer organi

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