Green Credit Rules: The New Gold Rush?

NGT has registered a suo-motu original application in response to a news article titled 'People Are Breathing In CancerCausing Chemicals in their cars study find' appearing in NDTV.com dated May 8, 2024.

With the rapid expansion of healthcare services and the adoption of advanced medical practices, the volume of biomedical waste being generated has seen a significant rise.

India generates an estimated 25,000 to 30,000 tonnes of plastic waste every day, of which a substantial share, approximately 10,556 tonnes daily, remains uncollected and enters landfills or the open environment. To address this, the Ministry of Environment, Forest and Climate Change (“MoEFCC”) has notified a national Extended Producer Responsibility (“EPR”) framework for plastic packaging under the Plastic Waste Management Rules, 2016, as amended from time to time.

The Parent Rules required such wastes to be treated in the manner prescribed by the World Health Organization or National AIDs Control Organization.

National Green Tribunal has directed Uttarakhand Government and National Ganga River Basin Authority (NGRBA) to give details about the financing of schemes for the Clean Ganga project.

The E-Waste (Management) Rules, 2022 notified by the Ministry of Environment, Forest and Climate Change on November 2, 2022, and effective from April 1, 2023, represent a comprehensive regulatory framework for addressing India's growing electronic waste challenge.

Environmental, Social and Governance (“ESG”) considerations have increasingly become an important component of corporate decision-making, investor assessments and brand positioning in India. As businesses seek to demonstrate their environmental credentials, terms such as “green”, “eco-friendly”, “sustainable”, “carbon neutral” and “environmentally friendly” are increasingly used in advertising, product packaging, corporate communications and sustainability disclosures.

Biodiversity conservation is crucial for maintaining ecological balance, preserving ecosystems, and ensuring sustainable development in India.

In a significant interim order impacting forest land disputes, urban development, and Transferable Development Rights (TDR) in Maharashtra, the Supreme Court has stayed the operation of the Bombay High Court’s judgment directing the release of approximately 193 acres of land at Manpada, Thane from acquisition under the Maharashtra Private Forests (Acquisition) Act, 1975.

India has pledged to reduce its GDP emissions intensity by 45% by 2030 and reach net-zero by 2070. The Carbon Credit Trading Scheme, 2023 establishes a baseline-and-credit system requiring energy-intensive industries to meet greenhouse gas emission intensity targets or purchase carbon credit certificates. This framework shifts India's regulatory focus from energy efficiency to carbon intensity, creating both mandatory compliance obligations and voluntary offset opportunities.

The expressions ‘gross negligence' and ‘wilful misconduct' are used in almost every commercial contract. In most cases...

Private Security Agencies (Regulation) Act (Act) was enacted in 2005 to oversee and regulate security agencies operating in the country.

When it comes to dispute resolution, the paths one can take are numerous, yet two main avenues often dominate the landscape: arbitration and litigation.

Any law which has general applicability and lays down a general set of rules is considered to be a general law.

Law of arbitration as it has developed globally, recognizes that there is a difference between the law of contract and the law governing the conduct of the Arbitral Tribunal.

Despite being abundant in various renewable energy sources, the share of such sources in power generation in the country remains negligible.

A director of a company is prohibited from being involved in a situation where he may have a direct or indirect interest that conflicts, or possibly may conflict...

Compressed Biogas (CBG) projects involve the interplay of laws and regulations pertaining to environment, energy and land. Appropriate legal advice should be sought for the purposes...

Grant of authority by one person to another to act on their behalf can have significant consequences, both for the issuer and the person so authorised.

Before the Information Technology Amendment Act 2008 came into force, the scenario in India was worse for intermediaries.