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Environment, Health and Safety Central Ministry of Environment, Forest & Climate change Environment (Protection) Act, 1986

The Ministry Of Environment, Forest And Climate Change has issued Notification regarding the methodology for calculating the green credit in respect of any activity undertaken under Green Credit Rules, 2023

22-Feb-2024 | S.O. 884(E).

The Ministry Of Environment, Forest And Climate Change has issued Notification regarding the methodology for calculating the green credit in respect of any activity undertaken under Green Credit Rules, 2023. By virtue of the Notification, the Central Government, on the recommendation of the Administrator, hereby notifies the following methodology, for calculation of green credit in respect of tree plantation, namely: 1.The Forest Department of every State and Union territory shall identify degraded land parcels, including open forest and scrub land, wasteland and catchment areas, under their administrative control and management, which shall be made available for tree plantation to promote activities for increasing the green cover across the country for the purposes of generation of Green Credit under the said Rules. 2.The land parcel identified for plantation under paragraph 1 must be free from all encumbrances and must have size of five hectares or above. 3.Any person or entity desirous of undertaking tree plantation for the purposes of generation of Green Credit may apply to the Administrator. 4.On receipt of the application under paragraph 3, the Administrator shall identify any land referred to in paragraph 1 and assign the same to the applicant and require him to submit a proposal for undertaking tree plantation for generation of Green Credit in lieu thereof under the said Rules. 5.On receipt of the proposal under paragraph 4, the Administrator shall prepare and issue a demand note to the applicant which shall include the cost of tree plantation and administrative expenses, if any, to be paid to the Administrator within a period specified in the demand note. For more details, refer to the attachment

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