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Lands to Green Credits Program
May 5 , 2024
14 days
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- As many as 13 degraded land parcels in Tamil Nadu measuring a total of 263.4 hectares will be restored under the Green Credits Programme (GCP).
- This program is rolled out by the Ministry of Environment, Forest and Climate Change.
- It is a market-based mechanism designed to incentivise voluntary environmental actions across diverse sectors by individuals, communities, private sector industries, and companies.
- The stakeholders can invest in restoring the degraded land and, in return, receive green credits that can be exchanged for compensatory afforestation when diverting forest land for non-forest purposes.
- 101 land parcels of 2,448.57 ha were identified and uploaded to the Green Credits registry web portal.
- Of that, 13 (263.46 ha) have been approved and 19 (150.84) have been rejected.
- The approved land parcels fall in Tiruvallur, Sivagangai, Dindigul, Erode, Salem, and Dharmapuri.
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