Green Credits and other attributes- Trading for sustainability?

Aakanksha Joshi, Partner, Megha Agarwal, Associate Partner and Vinayak Sankaranarayanan, Advocate, Economic Laws Practice (ELP) have co-authored an article Green Credits and other attributes- Trading for sustainability? published by ET EnergyWorld.

The following article examines the role that the Green Credit Programme Implementation Rules, 2023 is likely to have in achieving the Government Objectives that were declared in the COP 26 meet in Glasgow UK. At the COP 26 Meet, the Hon’ble Prime Minister had committed to getting 50% of India’s energy through renewable sources by 2030, and to achieve this movement he introduced the concept of “LIFE” as a grassroots movement to propagate a sustainable way of living.

The Green Credit Programme Implementation Rules 2023 is conceptualized as a market-based mechanism to incentivize environmental friendly actions by stakeholders, private industries and other persons to generate or buy Green Credits.

The detailed article can be read here: https://rb.gy/9svt5