Context :
Centre unveils tradeable Green Credit ….
HINDU / 15 Oct 2023
Extract :
The government has introduced a special programme allowing an individual or entity to earn Green Credit and trade it on a dedicated exchange.
Green Credit refers
to a unit of an incentive provided for specified activities that deliver a
positive impact on the environment.
“A Green
Credit programme is being launched at the
national level to leverage a competitive
market-based approach for
incentivising
environmental actions of various stakeholders,” the Environment, Forest,
and Climate Change Ministry said in a notification.
This programme is a follow-up action of the ‘LiFE’-(Lifestyle
for Environment) campaign. The notification added that the new programme is a voluntary one.
This programme will cover eight types of activities — tree plantation, water
management, sustainable agriculture, waste management, air pollution reduction,
and mangrove conservation and restoration.
To get the Green
Credit, one needs to,
# Register the activity with the administrator through a website.
# The activity will then be verified by a designated agency and based on its report,
# The
administrator shall grant the applicant
a certificate of
Green Credit.
“The calculation of Green
Credit shall be based on,
# Equivalence of resource requirement,
# Parity of scale,
# Scope,
# Size, and other
# Relevant parameters
- to achieve the desired environmental
outcome,” the notification said. A Green Credit Registry will also be included. The administrator will establish and
maintain a trading platform.
The initiative aims to encourage industries,
companies, and other entities meet their obligations under any law
that is in force for the time being. However, the Green Credit generated or
procured to fulfil any obligation, in compliance with
any law, shall not be tradeable.
The notification clarified that the Green Credit programme is independent of the carbon
credit provided under the Carbon Credit Trading Scheme, 2023 under
the Energy Conservation Act, 2001.
“An environmental activity generating
Green Credit
may have climate co-benefits, such as reduction or removal of carbon emissions... and may get carbon credit,” it said.
Dear Shri Bhupender Yadavji ( mefcc@gov.in )
Dear Shri Ashwini Kumar Choubeyji ( mos.akc@gov.in ) ,
Many Congratulations for this
“ fundamentally radical “ initiative
By putting in place a concrete mechanism , you have enabled “ Companies
/ Individuals / Entities “ to earn money ( by monetizing the Green Credits earned
by them ) . This will be a very POWERFUL INCENTIVE for all – especially for
INDIVIDUALS . Your Scheme has the potential to INCENTIVIZE , millions of Indian
citizen .
Whereas it is easy to understand that there will be SELLERS of Green
Credits on your proposed TRADING PLATFORM , it is unclear as to who will be the
BUYERS of those Green Credits . Why would anyone want to BUY a Green Credit ,
unless OBLIGED to do so – in order to fulfill some legal requirement !
{ Incidentally , MoEF website is “ Under Maintenance “ since yesterday –
hence I could not find an answer }
This scheme talks of covering 8 types of “ Activities “ . I urge you to
add the following :
# Reduction in use of
Electricity ( especially , electricity generated using FOSSIL FUEL )
# Reduction in use of Private
Vehicles ( especially Petrol / Diesel vehicles )
I also urge you to make following provision in your PROPOSED WEBSITE :
# Like me , there are no doubt ,
thousands of citizen , who may not be in a position
to “ Undertake “
on their own, any of the activities which
qualify for earning of Green Credit . But , they may have , very valuable /
practical SUGGESTIONS which other organizations / consortium of organizations
or the Government could implement , and which would make a significant impact on
CLIMATE CHANGE . There should be a “ Visible to the Public “ space where such individuals
can SUBMIT their ideas on your website
For example , on such a space , I would like to submit my following
SUGGESTIONS “
( A ) Reduction in Electricity / Reduction in Air Pollution
A Battery Swapping Policy for Battery-Powered Solar Cookers ?.............. 25 Mar
2022
Electric Solar Hybrid
Oven : Reliance New Energy Marketing Strategy…….. 06 Oct 2023
Solar
Chula ? Some Unanswered Questions …………………….[ 03
Nov 2017 ]
Solar Chulha : Where can I buy ? …………………………………………….[ 16 July 2018
]
Dear Shri Goyalji : How about a Solar Cooker ? ……………………..[ 26 Aug 2020 ]
Time to " Talk the Walk " …………………………………………………………..[ 19
Sept 2020 ]
Not in one day : What about 3 years ? …………………………………….[ 25
Oct 2020 ]
Enough to entice Elon ? ……………………………………………………………[ 03 Nov 2020 ]
Inscrutable are the ways of the Providence ? ………………………….[ 15 June 2021 ]
Air Pollution Sources : And “ How to
save 2.5 Lakh lives “………[
25 June 2021 ]
Congratulations, Dr Harish Hiraniji …………………………………………..[ 13 Nov 2021 ]
( B ) Reduction in use of Private Vehicles
Transport : an Integrated Logistic Plan ?................................
20 Nov 2018
ChatGPT / BARD : Expert Views on Transport ?........................
28 Aug 2023
Gadkariji : Green Tax
is Good…………………………………………………………26 Jan
2021
( C ) Energy Saving
Carbon Finance through Carbon
Credits …12 Mar
2021
Thank You , Vishal Kapoor ………………………. 15 Aug 2023
A Pre-paid
Electricity Meter ? …………………. 18 May 2017
Electrifying : Smartly ………………………………..
25 Sept 2017
Smart Meter : No Pending Payments ?........ 08 Dec 2017
A Smart Move , Shri Singh ! …………………….. 07 June
2018
Welcome, Prepaid Smart Meters ……………….
25 Sept 2021
The Verdict : A is better than B… …………………..23 Aug 2023
How to reduce Carbon
Emission to Net Zero ?.. 25 July 2021
( D ) Water Management
Congratulations , Angelo George………………….. 04 Sept 2023
India’s Water ( Di - ) Stress .. ……………………..20 Aug 2023
My past ( 17 ) blogs on WATER SCARCITY ( as on March 2022 ) … 19 Aug 2023
( E )
Waste
Management
Garbage is Green Gold {
3G }…………………………… 10 Sept
2016
A Grass-Root Revolution.. …………………………………...11 Mar
2019
Stubble Problem
Solution : Local or Foreign ?....... 10 Oct 2022
Stubble
Blame Game…………………………………………… 14 Nov 2021
Using
Stubble to produce Power ? Takes 4 Years ? 03 Jan 2022
Procuring
Technology for “ E Waste Recycling “.. …..26 Feb 2022
( F ) Sustainable Agriculture
Influence farmers and
win Votes ?................ ………………04 Feb
2019
How about introducing a
PLI for agricultural produce ?.. 08 Dec 2020
Production Linked Incentive for Rice ( Paddy )………………. 08 Dec 2020
Digital Farming ?.......................................................
15 Apr 2021
“ Tractor-Pulled “ to “
Technology-Pushed “……………………. 20 Sept
2021
Agri Reforms : an On
going Process…………………………………. 20
Nov 2021
Point : Counter-Point
// MSP : MPQ………………………………….. 28
Nov 2021
Agristack: The New Digital Push in
Agriculture ……………… 26 June 2021
With regards,
Hemen Parekh
www.hemenparekh.ai
/ 18 Oct 2023
Following is how BARD reviewed my blog /
email :
Your
draft email to Shri Bhupender Yadav on the Green Credit programme is well-written and informative. I especially like how you have highlighted the potential of this scheme
to incentivize millions of Indian citizens to take action on climate change.
Here are a few suggestions for
improvement:
·
In the
first paragraph, you could add a sentence or two to explain what a Green Credit
is and how it works. This would be helpful for readers who are not familiar
with the concept.
·
In the
second paragraph, you ask why anyone would want to buy a Green Credit unless
obliged to do so. One potential buyer group is businesses that are looking to
reduce their carbon footprint and meet their environmental sustainability
goals. Another potential buyer group is governments that are looking to offset
their greenhouse gas emissions.
·
In the
third paragraph, you suggest adding two new activities to the Green Credit
programme: reduction in use of electricity
(especially fossil fuel-generated electricity) and reduction in use of private
vehicles (especially petrol/diesel vehicles). I think these are excellent suggestions, and I hope that the
government will consider them.
·
In the
fourth paragraph, you suggest that the government create a space on its website
where individuals can submit their suggestions for how to reduce climate
change. I also think this is a great idea. It would be
a way to tap into the creativity and ingenuity of the Indian people and come up
with new and innovative solutions to the climate crisis.
Overall,
I think your draft email is excellent. I would encourage you to send it to Shri Bhupender Yadav and other
relevant stakeholders. Your feedback is valuable and
could help to shape the Green Credit programme into a success.
Here are some additional thoughts on
your suggestions for reducing climate change:
·
Reduction in
use of electricity: The government could promote the use
of energy-efficient appliances and light
bulbs, as well as solar panels and other renewable energy sources.
·
Reduction in
use of private vehicles: The
government could invest in public transportation and make it more affordable
and accessible. It could
also promote carpooling, biking, and walking.
·
Water
management: The government could
invest in water conservation measures, such as rainwater harvesting and drip
irrigation. It could also promote the use of water-efficient appliances and fixtures.
·
Waste
management: The government could
promote waste reduction, recycling,
and composting. It could also invest in
waste-to-energy facilities.
·
Sustainable
agriculture: The government could
promote sustainable farming practices, such as crop rotation and cover
cropping. It could also provide financial assistance to farmers who adopt
sustainable practices.