MINISTRY OF ENVIRONMENT, FOREST AND CLIMATE CHANGE NOTIFICATION

[Audio] The Government of India has taken a progressive step towards a greener future by introducing the 'Green Credit' scheme, named 'LiFE' or 'Lifestyle for Environment'. The scheme is aimed at encouraging individuals, NGOs and corporate sectors to take part in sustainable activities which can contribute to a healthier environment. Through providing financial benefits and rewards, this scheme is an effective way to drive positive green actions in our society. The draft rules for the scheme have been notified and it is expected that it will have a significant impact in the upcoming years..

[Audio] The Government of India has recently put forth an innovative scheme called "LiFE: Lifestyle for Environment" to promote sustainable lifestyles and combat climate change. LiFE seeks to encourage citizens to take environment-friendly actions to reduce their carbon footprint. To incentivise these voluntary acts, the Government of India has proposed a Green Credit Programme that will provide rewards for engagement with the LiFE movement. This effort could lead to a more sustainable, healthier and environmentally-friendly future for India..

[Audio] India is taking a pivotal step towards its climate change goals with the Green Credit scheme. This initiative is part of India's amended Nationally Determined Contribution (NDC), which expresses a commitment to adopt an environmentally-friendly lifestyle. To achieve this, the Government has created a LiFE (Lifestyle for Environment) initiative with a set of draft rules to motivate people and organisations to take meaningful action to reduce the nation's carbon footprint and aid India in attaining its NDC aim. Through this Green Credit scheme, India is striving to meet its sustainable development targets..

Green Credits. Incentivising voluntary environmental actions of various stakeholders.

[Audio] The Green Credit Programme is a great way to motivate private sector companies and other entities to invest in more sustainable practices. It provides incentives for individuals and communities to take voluntary action, as well as providing a system which will help them to fulfil their obligations. These efforts will certainly have a beneficial long-term effect on the environment..

[Audio] India's Green Credit scheme aims to provide incentives to promote the adoption of sustainable practices. LiFE will support individuals, Farmer Producer Organisations, cooperatives, forestry enterprises, sustainable agriculture, Urban and Rural Local Bodies, Private Sectors Industries and organisations with the aim of encouraging efforts to reduce and reverse the effects of climate change. This scheme provides an opportunity for all stakeholders to play a part in protecting the environment, and is an important step towards a sustainable future..

[Audio] Today, we will look at the Government of India's draft rules for the 'Green Credit' scheme - LiFE or 'Lifestyle for Environment'. This scheme is intended to act as an incentive to encourage voluntary action towards protecting our environment. It offers Green Credits that are tradable outcomes, to individual and entities actively engaging in and undertaking environmental interventions. These credits can be traded on a domestic market platform, and can also lead to co-benefits such as the reduction or removal of carbon emissions. The proposed rules provide clarity on how both credits and tradables are possible..

[Audio] India has been at the forefront of protecting the environment and backing the development of renewable energies, and the 'Green Credit' scheme pushes this commitment further. The government of India has issued LiFE or 'Lifestyle for Environment' scheme, the 'Green Credit' scheme, which looks to motivate voluntary actions by citizens and companies to reduce their environmental impact. The public is invited to provide their opinions and objections or proposals should be sent to the Joint Secretary at the Ministry of Environment, Forest and Climate Change, to be taken into account within 60 days of the notification being issued. This is an important endeavour and everyone should take part in it to ensure a better and greener future..

[Audio] The draft rules for the Government of India's 'Green Credit' scheme, known as 'LiFE' or 'Lifestyle for Environment', have recently been notified. This scheme intends to motivate individuals to take voluntary action to decrease their environmental effect. It has a structured, iterative method, with two to three activities from certain sectors being initially examined for piloting the programme. Later on, with Central Government approval, more activities and sectors can be included. This scheme from the Government of India is an essential and timely step towards safeguarding the environment..

[Audio] India is at the forefront of sustainable development. The government has released its draft rules for the 'Green Credit' scheme, LiFE (Lifestyle for Environment). It encompasses five sectors: Tree Plantation-based Green Credit to increase green cover; Water-based Green Credit for conservation and harvest of water and water efficiency; Sustainable Agriculture-based Green Credit for natural agriculture and land restoration; Waste Management-based Green Credit for improved and sustainable practices for collection, segregation and treatment; and Air Pollution Reduction-based Green Credit to reduce air pollution. Incentives are provided to people for taking up such initiatives. We must take the necessary steps and be part of this movement for a more sustainable and greener environment..

[Audio] The Government of India has recently proposed draft rules for their 'Green Credit' scheme which aims to incentivise voluntary actions towards protecting the environment, termed 'LiFE' or 'Lifestyle for Environment'. The framework of the Green Credit scheme consists of three components: creating thresholds and benchmarks for each activity to ensure conformation with legal responsibilities; determining environmental outcomes of each activity based on equivalence of resource requirements and the scope, size and other parameters; and lastly, designing digital processes for the Programme including carrying out self-assessments, registration and issuing credits. This initiative is an exciting development which will incentivise citizens of India to take voluntary action towards protecting the environment..

[Audio] India has introduced a scheme called 'Green Credit' or LiFE, which encourages businesses and individuals to reduce their greenhouse gas emissions. To support this, the Government of India has established guidelines encompassing the '100-year global warming potential for greenhouse gases' - a formula that compares the relative impact of different gases on global warming. For example, carbon dioxide is measured at 1, methane at 25, nitrous oxide at 298 and sulphur hexafluoride at 22,800. This metric helps to promote a more sustainable way of caring for our environment..

[Audio] The draft rules for the launch of the 'Green Credit' scheme have been recently notified by the Government of India. It revolves around the 'Lifestyle for Environment' (LiFE) incentive to encourage voluntary action. A Steering Committee is to be set up to manage and effectively execute the programme, which will feature representatives from the pertinent ministries and departments, domain experts, trade bodies, and other applicable stakeholders..

[Audio] The Green Credit scheme LiFE is a great step forward for India, offering incentives to those who take voluntary action to reduce their environmental impact. A Steering Committee will be established to manage the project and carry out tasks such as granting approvals, making recommendations to the Central Government, reviewing and monitoring implementation. By taking an important role in protecting the environment, India is setting an example for countries around the globe..

[Audio] I will discuss the draft rules of the Government of India's 'Green Credit' scheme, or 'LiFE', designed to incentivise voluntary action towards a greener lifestyle. The Indian Council of Forestry Research and Education will be the Administrator of the programme. To ensure the successful implementation, guidelines, processes, procedures, technical and sectoral committees, MRV mechanisms, registration processes, methodologies and standards, registry and trading platform, self-certification, grant of Green Credits and auditing mechanisms are all being established. With all these elements in place, India can hopefully look forward to a greener and healthier future..

[Audio] The Government of India has taken a significant step towards promoting voluntary action for a more eco-friendly environment. The rules for India's 'Green Credit' scheme, referred to as 'LiFE', are intended to incentivise green behaviour and aid wider adoption of green practices. The regulations will accredit and register Green Credit Registries, third-party certifiers, Green Credit Verifiers and Trading Service Providers. Protocols and guidelines will be formulated for the Programme portal in addition to knowledge and data platforms, and for gathering fees from registered entities. Additionally, certifying agencies, third-party certifiers, Green Credit Verifiers and Trading Service Providers are all required to file annual returns and progress reports. This development is a positive step in the direction of realising the government's objective of making India greener..

[Audio] The 'Green Credit' scheme, introduced by the Government of India, is an ambitious project that seeks to encourage voluntary action and promote sustainable living. Named 'LiFE' (Lifestyle for Environment), this scheme is designed to enable individuals, businesses and entities to access and capitalise on green credit, as well as drive positive change. The guidelines for the scheme include issuance of digital green credits, collecting fees from registered entities, establishing rules for a trading platform, conducting capacity building activities, preparing reports and any other task assigned by the Steering Committee or Central. All this will help us work together towards a future of sustainability and reduced carbon emissions..

[Audio] Draft rules for India's 'Green Credit' scheme, LiFE, have been laid out. They stipulate that a Technical Committee will be responsible for developing and recommending methodologies for the grant of Green Credits on the basis of environmental action. The Technical Committee will consist of members from respective Ministries and Departments, as well as organisations and subject matter experts. Additionally, they must provide advice on any technical questions asked by the Administrator. This initiative is an essential factor in driving voluntary actions towards a healthier environment in India..

[Audio] India has set ambitious goals to reduce emissions and promote sustainability, and the newly proposed 'Green Credit' scheme is a step in that direction. This scheme encourages voluntary action and proposes the establishment of a Green Credit Registry. The Registry is to be a standardized electronic database, containing data elements on the issuance, holding, transfer and acquisition of Green Credits. The Registry allows India to track progress towards its sustainability goals, and take steps to ensure that plans are successful - thus affirming the country's commitment to sustainability and environmental protection..

[Audio] India is introducing the Green Credit scheme to promote a sustainable future. The Green Credit Registry will be responsible for registering entities, recording green credits, creating and maintaining secure databases with appropriate security protocols, and supervising all transactions. The registry will also be connected to other national and international registries, and will follow the instructions of the Steering Committee. All these measures will guarantee accurate recording of the program and ensure accountability..

[Audio] The Government of India has created a new 'Green Credit' scheme called 'LiFE' or 'Lifestyle for Environment'. Aiming to motivate individuals to take voluntary measures that protect the environment, it has drafted rules for setting up and administering a Trading Platform. A Trading Service Provider will oversee the platform, certified by the Administrator. It will enable individuals to trade Green Credits as per the regulations. This trading platform will encourage individuals to take voluntary action to protect the environment through incentives..

[Audio] India is making strides towards a more ecological and sustainable future. The Government of India recently revealed a draft of its 'Green Credit' program, termed 'LiFE', intended to promote voluntary action. An important part of this initiative is the Knowledge and Data Platform. This system is an online instrument which will make visible sectoral advancement under the program. It will also harvest relevant data points from the Green Credit Registry, and supply information on capacity building, ideal practices and sectoral successes. With this platform, we are constructing the foundations for a more sustainable future..

[Audio] India has launched 'LiFE', a 'Green Credit' scheme to incentivize and reward voluntary commitments to green initiatives. Accredited Green Credit Verifiers conduct verification and submit reports to the Administrator to award Green Credits. Furthermore, Accredited Green Credit Verifiers must submit annual returns to the Administrator to ensure the system's effectiveness. The Government of India has designed this scheme to improve environmental quality and quality of life in India..

[Audio] The Government of India has truly set an example with its ambitious Green Credit Scheme, 'LiFE'. This Program incentivises voluntary action and aims to generate demand for Green Credits in the country. Organizations registered with the Green Credit Registry receive Accredited Compensatory Afforestation, making it eligible for consideration as Compensatory Afforestation for diversion of forest land. This initiative shows just how serious the Government of India is in making sure that its citizens and its environment are kept healthy and safe..

[Audio] "The Government of India has established a new green credit scheme, called 'LiFE' or 'Lifestyle for Environment', to incentivise voluntary action. This draft rule also stipulates that the Central Government may empanel auditors for audit of the entire system of the Programme's functioning and administration. This is an important step towards a sustainable future and I thank you for your attention..