Which of the following statements about ‘Green Credit Initiative’ is/a

Which of the following statements about ‘Green Credit Initiative’ is/are correct?

  • 1. It is a response to the challenge of climate change.
  • 2. It promotes plantations on wasteland and and river catchment areas.
  • 3. It is a scheme of the Government of India to replace the kerosene oil with solar power used by the rural poor.

Select the correct answer using the code given below.

1, 2 and 3
1 and 2 only
2 only
1 and 3 only
This question was previously asked in
UPSC CDS-1 – 2024
Statements 1 and 2 about the ‘Green Credit Initiative’ are correct, while statement 3 is incorrect.
Statement 1 is correct. The Green Credit Initiative is presented as a market-based mechanism designed to incentivize environmentally friendly actions, contributing to the broader goal of addressing climate change and promoting sustainability.
Statement 2 is correct. One of the initial focuses of the Green Credit Programme is tree plantation, including activities aimed at increasing green cover on wasteland and in river catchment areas.
Statement 3 is incorrect. The Green Credit Initiative is focused on creating a market for credits generated from various environmental activities. It is not a scheme specifically for replacing kerosene oil with solar power for the rural poor; that relates to energy access and renewable energy promotion schemes, which are different.
The Green Credit Programme (GCP) aims to create a market-based mechanism that rewards voluntary environmental actions across diverse sectors. It envisages issuing ‘Green Credits’ for activities like tree plantation, water conservation, sustainable agriculture, waste management, and eco-tourism.
Exit mobile version