Prime Minister Narendra Modi Launches 'Green Credit Initiative' during COP-28 in UAE
"PM Modi Unveils India-UAE Green Credit Initiative at COP-28: A Game-Changer for Environmental Sustainability"
"Explore the groundbreaking Green Credit Initiative launched by PM Narendra Modi at COP-28 in Dubai. Learn about the collaboration, objectives, and the eight identified activities driving environmental protection and sustainability."
Introduction:
In a momentous move at the COP-28 Climate Summit in Dubai, Prime Minister Narendra Modi inaugurated the India-UAE Green Credit Initiative on December 1, 2023. This joint venture marks a significant step towards fostering environmental protection and sustainability through innovative measures.
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| "PM Modi Unveils India-UAE Green Credit Initiative at COP-28: A Game-Changer for Environmental Sustainability" |
Green Credit Initiative Unveiled:
The Green Credit Initiative, a collaborative effort between India and the United Arab Emirates, aims to revolutionize environmental conservation. Administered by the Indian Council of Forestry Research and Education, the initiative involves the development of comprehensive guidelines and processes for efficient implementation.
Earning Green Credits:
Under this program, participants can earn green credits by engaging in specific activities dedicated to environmental protection. These earned credits hold tradable value on the domestic market platform, providing a unique avenue for sustainable practices.
Eight Identified Activities:
Eight special activities have been earmarked under the Green Credit Initiative, with an initial focus on water conservation and afforestation. The program extends to sustainable farming, residue management, air pollution reduction, mangrove conservation and restoration, eco-mark, and sustainable buildings and infrastructure.
India's Vision for COP33:
Prime Minister Modi expressed his vision for India to host the COP33 climate summit in 2028. This proposal was put forward during the inaugural plenary session attended by COP28 President Sultan Al Jaber and UN Climate Change Chair Simon Still.
Program Details:
Unveiled by the Ministry of Environment and Climate Change on October 13, 2023, the Green Credit Initiative operates under the comprehensive Lifestyle for Environment – LIFE initiative. This signifies a holistic approach to integrating sustainable practices into everyday life.
Frequently Asked Questions
What is the Green Credit Initiative?
The Green Credit Initiative is a collaborative effort between India and the UAE, introduced by Prime Minister Narendra Modi at COP-28. It aims to encourage environmental protection through the generation and trading of green credits.
Who administers the Green Credit Program?
The Green Credit Program is administered by the Indian Council of Forestry Research and Education, which is responsible for developing guidelines and processes for effective implementation.
What activities are covered under the Green Credit Initiative?
Eight activities are identified, including water conservation, afforestation, sustainable farming, residue management, air pollution reduction, mangrove conservation, eco-mark, and sustainable buildings and infrastructure.
Can earned green credits be traded?
Yes, the green credits earned through the Green Credit Initiative can be traded on the domestic market platform, providing participants with a tangible incentive for their environmental efforts.
What is the initial focus of the initiative?
The initial focus of the Green Credit Initiative is on water conservation and afforestation, addressing crucial areas for environmental sustainability.
What is India's vision for COP33?
Prime Minister Modi envisions India hosting the COP33 climate summit in 2028, reinforcing the nation's commitment to global climate initiatives.
Conclusion:
The Green Credit Initiative stands as a testament to India's commitment to sustainable practices and environmental conservation. Prime Minister Modi's ambitious proposal for COP33 reflects the nation's proactive role in shaping the global climate agenda.
