Incentivizing Voluntary Environmental Action
The Green Credit Programme (GCP) is an innovative market-based mechanism designed to foster a mass movement around environmentally conscious practices. It goes beyond carbon, rewarding diverse ecological actions across India.
Beyond Carbon Markets
This section contextualizes the GCP. While traditional carbon markets focus solely on GHG emissions, the GCP recognizes that environmental sustainability is multi-dimensional, addressing water, soil, biodiversity, and waste simultaneously.
A Holistic Approach
Unlike the Carbon Credit Trading Scheme which solely targets CO2 reduction, the Green Credit Programme aims to create a competitive market-based approach to encourage broader environmental actions.
- ✔ Applicable to individuals, communities, and corporations.
- ✔ Focuses on tangible ecological regeneration.
- ✔ Allows generating both Carbon and Green Credits if criteria are met.
The Philosophy
“To promote a sustainable lifestyle and foster a competitive, market-based approach to incentivize voluntary environmental actions by diverse stakeholders.”
The 8 Core Sectors
Explore the specific activities eligible for Green Credits. This section breaks down the program’s initial focus areas. Click on any sector below to understand the target activities and potential actions that generate credits.
How the Market Works
Understanding the lifecycle of a Green Credit. This section outlines the procedural framework designed by the ICFRE to ensure transparency, verification, and seamless trading of earned credits.
Visualizing Impact & Participation
The GCP creates multi-dimensional ecological value. These visualizations illustrate the diverse environmental vectors impacted by different activities and the expected distribution of participating entities.
Multi-dimensional Ecological Vectors
Comparing the holistic impact of selected sectors.
Targeted Participant Ecosystem
The voluntary market relies on diverse stakeholders.