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Green Credit Program (GCP) and Ecomark scheme Under LiFE Initiative

Facts for Prelims (FFP)

 

Source: PIB

 Context: The Indian government has introduced two green initiatives in preparation for the upcoming UN Climate Summit, COP 28Green Credit Program (GCP) and Ecomark scheme Under LiFE Initiative

 

Initiative Description
Green Credit Program (GCP) A market-based mechanism designed to incentivize voluntary environmental actions across various sectors
Initial focus on water conservation and afforestation
Indian Council of Forestry Research and Education (ICFRE) is responsible for the implementation, management, monitoring, and operation
Individuals and entities earn Green Credits by registering environmentally friendly activities through a dedicated government app/website
Ecomark Scheme Provides accreditation and labelling for household and consumer products meeting specific environmental criteria while maintaining quality standards
Aims to raise consumer awareness of environmental issues, encourage eco-conscious choices, and motivate manufacturers to transition to eco-friendly production
Administered by the Central Pollution Control Board in partnership with the Bureau of Indian Standards (BIS)