The Green Credit Programme, introduced by the Environment Ministry, offers incentives for environmental contributions through green credits. However, challenges of a potentially limited scope can limit its efficacy. Analyse.
Kartavya Desk Staff
Topic: Government policies and interventions for development in various sectors and issues arising out of their design and implementation.
Topic: Government policies and interventions for development in various sectors and issues arising out of their design and implementation.
3. The Green Credit Programme, introduced by the Environment Ministry, offers incentives for environmental contributions through green credits. However, challenges of a potentially limited scope can limit its efficacy. Analyse. (250 words)
Difficulty level: Moderate
Reference: The Hindu
Why the question: The Green Credit Programme, announced by the Environment Ministry in October 2023, is a market-based mechanism where individuals and companies can claim incentives called ‘green credits’ for contributions to environmental and ecological restoration Key Demand of the question: To write about the Green Credit Programme, its pros and cons. Directive word: Directive word: Analyse – When asked to analyse, you must examine methodically the structure or nature of the topic by separating it into component parts and present them in a summary. Structure of the answer: Introduction: Begin by giving context of Green Credit Programme. Body: First, write about the features of the Green Credit Programme. Next, write about the various pros of Green Credit Programme – encouraging environmental action, leveraging market dynamics, fostering innovation, and creating economic benefits etc. Next, write about the various cons of Green Credit Programme – administrative complexity, the risk of greenwashing, equity concerns, market volatility, and a potentially limited scope etc. Conclusion: Conclude with a way forward.
Why the question:
The Green Credit Programme, announced by the Environment Ministry in October 2023, is a market-based mechanism where individuals and companies can claim incentives called ‘green credits’ for contributions to environmental and ecological restoration
Key Demand of the question:
To write about the Green Credit Programme, its pros and cons.
Directive word:
Directive word:
Analyse – When asked to analyse, you must examine methodically the structure or nature of the topic by separating it into component parts and present them in a summary.
Structure of the answer:
Introduction:
Begin by giving context of Green Credit Programme.
First, write about the features of the Green Credit Programme.
Next, write about the various pros of Green Credit Programme – encouraging environmental action, leveraging market dynamics, fostering innovation, and creating economic benefits etc.
Next, write about the various cons of Green Credit Programme – administrative complexity, the risk of greenwashing, equity concerns, market volatility, and a potentially limited scope etc.
Conclusion:
Conclude with a way forward.