India’s Green Credit Programme (GCP): Benefits, Challenges & The Road Ahead

India’s Green Credit Programme (GCP): Benefits, Challenges & The Road Ahead upsc

From Current Affairs Notes for UPSC » Editorials & In-depths » This topic

India’s Green Credit Programme (GCP), launched in 2023, is gaining momentum as a market-based tool to incentivize eco-friendly actions like afforestation and water conservation. Recent updates include SEBI’s integration of green credits into ESG reporting for listed companies and ongoing debates over its legal validity and environmental impact . With 384 entities already registered, including major PSUs like IOCL and NTPC, the programme aims to balance ecological goals with industrial growth .

Overview of the Green Credit Programme

  • Definition and Purpose

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