Prime Minister Narendra Modi presented the Green Credit Initiative at the World Climate Action Summit during the COP28 summit in Dubai, capping off his day-long visit to the UAE.
They launched the Green Credits Programme web platform, which was joined by global leaders such as Sweden's Prime Minister Ulf Kristersson, Mozambique's President Filipe Jacinto Nyusi, and European Council President Charles Michel.
The Green Credit Initiative, launched on October 13, 2023, by the Ministry of Environment, Forest, and Climate Change, focuses on water conservation and afforestation. It is described as a market-based approach with the goal of incentivizing voluntary environmental acts across several sectors, including individuals, communities, and commercial companies. Green credits, in particular, will be attributed to specific environmental activities and recognized as marketable commodities, allowing them to be sold on domestic market platforms.
The effort intends to promote important environmental activities such as tree planting, water conservation, sustainable agriculture, and waste management. PM Modi underlined the importance of viewing environmental actions as a "Health Card," adding points to Earth's "Health Card." The primary goal is to effect positive change in the country's climate-related concerns.
PM Modi also suggested hosting the United Nations Climate Conference (COP33) in 2028 while also launching the Green Credit Initiative. This effort intends to engage the public in the creation of carbon sinks, highlighting India's commitment to balancing development and environmental conservation. Modi cited India as a worldwide example, highlighting the country's progress toward fulfilling its Nationally Determined Contributions, which aim to keep global warming to 1.5 degrees Celsius.
Addressing the United Nations Climate Conference in Dubai, Modi addressed the importance of a balanced mix of reduction and adaptation policies, emphasizing a "just and inclusive" global energy transition. He urged wealthy countries to encourage technology transfer to help developing countries combat climate change.
A CSR Initiative of
Designed and Executed by
Implemented by
Technology is a useful servant, but a dangerous master, it was rightly said. Electronic devices have grown into an inevitable part of our daily lives.
