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Parley by The Hindu

News

Can green credits benefit India’s forests?

2024-04-25

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The Green Credit Programme, announced by the Environment Ministry in October 2023, is a market-based mechanism where individuals and companies can claim incentives called ‘green credits’ for contributions to environmental and ecological restoration. However, there is criticism that these initiatives may be used to circumvent existing laws, particularly those that deal with forest conservation.

Jacob Koshy is joined by Vaibhav Chaturvedi, Fellow at the Council on Energy, Environment and Water and Debadityo Sinha, Senior Resident Fellow, Vidhi Centre for Legal Policy.