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PM Modi has launched the Green Credits Initiative at COP28

Published on December 02, 2023
Current Context: Prime Minister Narendra Modi launched the Green Credit Initiative at the COP28 summit on Friday, December 1, 2023.
PM Modi has launched the Green Credits Initiative at COP28
  • This initiative has been conceptualized to incentivize voluntary efforts to address the climate crisis and is being seen as a positive step towards a sustainable future.
  • The initiative involves creating an inventory of degraded wastelands, which can be utilized for planting by individuals and organizations.
  • Participants undertaking environmentally positive actions will receive tradable green credits.
  • The Green Credits Programme is an effort to create a market-based incentive for different kinds of environment-positive actions, not just for carbon emission reductions.

Question:

Q.1 Who launched the Green Credit Initiative?
a. President of the United States
b. Prime Minister of the United Kingdom
c. Prime Minister of India
d. President of China          
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