Consider the following statements regarding India's Green Credit Programme:
1. It provides credits for verified voluntary environmental actions like afforestation and water harvesting.
2. It operates under the Environment (Protection) Act, 1986.
3. Credits are tradable and recognized by financial institutions.
Show answer & explanation
Correct answer: D
Explanation
Correct Answer:
All 1, 2 and 3 are correct
Explanation:
The Green Credit Programme is an environmental initiative of India designed to incentivize voluntary environmental actions by individuals, communities, and organizations.
Statement 1 is correct. The programme provides green credits for verified voluntary environmental activities such as afforestation, water conservation, and water harvesting.
Statement 2 is correct. It operates within the framework of the Environment (Protection) Act, 1986, which serves as the legal foundation for environmental regulation in India.
Statement 3 is also correct. The credits generated under this programme are designed to be recognized and can be made tradable within an approved framework, and are acknowledged within environmental and financial systems.
Key Points:
• Green Credit Programme promotes voluntary environmental actions
• Activities include afforestation and water conservation
• It is governed under the Environment (Protection) Act, 1986
• Credits can be recognized and traded within the regulatory framework
Additional Facts:
• The initiative supports sustainability and carbon neutrality goals
• It encourages participation from citizens and industries in environmental protection
• It is conceptually linked to carbon credit mechanisms
Important Questions:
Q1: What is the aim of the Green Credit Programme?
Ans: To incentivize environmental protection activities
Q2: Under which Act does it operate?
Ans: Environment (Protection) Act, 1986
Q3: What types of activities are covered under it?
Ans: Voluntary environmental actions such as afforestation and water conservation