India Co-Hosts with UAE the Global Green Credit Initiative

  • Prime Minister Narendra Modi together with President Sheikh Mohammed bin Zayed Al Nahyan of UAE.
  • Co-hosted the High-level event on the ‘Green Credits Programme’.
  • At COP-28, on 1 December 2023 in Dubai.
  • Also participated were Mr. Ulf Kristersson, Prime Minister of Sweden, Mr. Filipe Nyusi, President of Mozambique and Mr. Charles Michel, President of the European Council.
  • The Green Credit Initiative has been conceptualized as a mechanism to incentivize voluntary pro-planet actions.
  • To the challenge of climate change.
  • It envisions the issue of Green Credits for plantations on waste/degraded lands and river catchment areas, to rejuvenate and revive natural eco-systems.
  • A web platform, which would serve as a repository of policies and best practices that incentivize environment-friendly actions, was also launched.
  • It aims to facilitate global collaboration, cooperation and partnership through the exchange of knowledge, experiences and best practices in planning, implementation and monitoring of environment-positive actions through programs/mechanisms like Green Credits.
Posted in Current Affairs.