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ARTICLE · 07 JULY 2023

Green Credits And Other Attributes – Trading For Sustainability?

Economic Laws Practice
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At the COP26 meet held at Glasgow, UK, the pithy term LiFE (Lifestyle for Environment) was introduced as a ‘one-word' movement for combatting climate change.

IndiaEnvironment
Aakanksha Joshi
Aakanksha Joshi
Megha Agarwal
Megha Agarwal
Vinayak Sankaranarayanan
Vinayak Sankaranarayanan
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At the COP26 meet held at Glasgow, UK, the pithy term LiFE (Lifestyle for Environment) was introduced as a 'one-word' movement for combatting climate change. The recently draft Green Credit Programme Implementation Rules, 2023 (Rules) published by the Ministry or Environment, Forests and Climate Change provide more complexion. LiFE is a 'grassroot, mass movement for combating climate change, enhancing environment actions to propagate a healthy and sustainable way of living based on traditions and values of conservation and moderation, and for sustainable and environment-friendly development'. One of the ways in which this ambitious objective is sought to be met is by instituting a Green Credit Programme (Programme) under the framework of the Rules.

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