TNPSC Thervupettagam

Lands to Green Credits Program

May 5 , 2024 38 days 251 0
  • 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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