Green credit is a financial instrument.
It is used to incentivize investment in projects that have a positive environmental impact.
Green credits can be used to finance a wide range of projects, such as renewable energy projects, energy efficiency projects, and sustainable agriculture projects.
Green credits are typically issued by governments or financial institutions.
They can be traded on a secondary market, which allows investors to buy and sell green credits.
The price of green credits is determined by a number of factors.
Including,
Supply and demand for green credits.
The type of project that the green credit is financing.
Expected environmental impact of the project.
Green credits are an important tool for promoting sustainable development.
They can help to reduce greenhouse gas emissions, improve air and water quality, and promote the use of renewable energy.
Green credits can also help to create jobs and boost economic growth.
LiFE
LiFE, or Lifestyle for Environment, is an initiative launched by the Prime Minister of India, Narendra Modi, on June 5, 2022.
Announced on World Environment Day celebrations.
It is a pan-India mission that aims to encourage people to adopt sustainable lifestyles and practices.
The LiFE mission is based on the principle of "individual responsibility and collective action.“
It recognizes that everyone has a role to play in protecting the environment.
COMMENTS