Consider the following statements regarding Green Credit Program (GCP). Green Credit Program (GCP) is a market-based mechanismdesigned to incentivize voluntary environmental actions across various sectors. To obtain Green Credits, individuals and entities must register their activities through the central governmentandrsquo;s dedicated app/website. Ministry of Finance is responsible for the implementation, management, monitoring, and operation of Green Credit Program.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer?

EduRev

All Courses

Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity

Open App

UPSC Exam > UPSC Questions > Consider the following statements regarding G...

Join the Discussion on the App

Consider the following statements regarding Green Credit Program (GCP).

Green Credit Program (GCP) is a market-based mechanismdesigned to incentivize voluntary environmental actions across various sectors.
To obtain Green Credits, individuals and entities must register their activities through the central government’s dedicated app/website.
Ministry of Finance is responsible for the implementation, management, monitoring, and operation of Green Credit Program.

How many of the above statements is/are correct?

a)
Only one
b)
Only two
c)
All three
d)
None

Correct answer is option 'B'. Can you explain this answer?

FREE This question is part of

Test: Weekly Current Affairs: December 22 to 31, 2023

Attempt Test

Attempt this Test

Most Upvoted Answer

Consider the following statements regarding Green Credit Program (GCP)...

Statement 3 is incorrect.

Green Credit Program (GCP) notified on 13th October, 2023 is an innovative market-based mechanism designed to incentivize voluntary environmental actions across diverse sectors, by various stakeholders like individuals, communities, private sector industries, and companies. The GCP’s governance framework is supported by an inter-ministerial Steering Committee and The Indian Council of Forestry Research and Education (ICFRE) serves as the GCP Administrator, responsible for program implementation, management, monitoring, and operation.
In its initial phase, the GCP focuses on two key activities: water conservation and afforestation.
The Green Credit Registry and trading platform, being developed by ICFRE along with experts, would facilitate the registration and thereafter, the buying and selling of Green Credits.

Answered by Notes Wala · View profile

Free Test

FREE

Test: Weekly Current Affairs: December 22 to 31, 2023
25 Ques | 30 Min

Start Free Test

View all free UPSC tests

Community Answer

Consider the following statements regarding Green Credit Program (GCP)...

And meet specific eligibility criteria. Green Credits can be earned by reducing greenhouse gas emissions, conserving natural resources, implementing renewable energy projects, and adopting sustainable practices. Green Credits can be traded in the market, allowing individuals and entities to buy and sell credits based on their environmental performance. The revenue generated from the sale of Green Credits can be used to fund further environmental projects and initiatives. Green Credit Program aims to promote sustainable development and mitigate climate change by encouraging individuals and entities to take proactive measures to reduce their environmental impact.

Share via Whatsapp

Attention UPSC Students!

To make sure you are not studying endlessly, EduRev has designed UPSC study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in UPSC.

Current Affairs & Hindu Analysis: Daily, Weekly & Monthly

Lucent for GK

History for UPSC CSE

Indian Polity for UPSC CSE

View all answers Start learning for free

< Previous Question Next Question >

Explore Courses for UPSC exam

Similar UPSC Doubts

Consider the following pairs. National Mission for a Green India: It aims to increase forest cover on degraded lands and protect existing forested lands. Green Credit Programme: The objective is to incentivize environmentally sustainable and responsive actions by companies, individuals and local bodies. MISHTI Scheme: Reducing inputs of synthetic fertilizers and pesticides for sustaining agriculture.How many of the above statements is/are correct?

View answer

Consider the following statements regarding Mission LiFE (Lifestyle for Environment): It focuses on bringing about behaviour changes in individuals through simple and easy-to-do actions. The Ministry of Environment, Forest and Climate Change is the nodal Ministry for the coordination and implementation of the mission.Which of the statements given above is/are correct?

View answer

Consider the following statements regarding Common but differentiated responsibilities (CBDR). Common but differentiated responsibilities (CBDR) is the foundational principle of United Nations Environment Programme(UNEP). It establishes that all states are responsible for addressing global environmental destruction yet not equally responsible. It was the first international legal instrument to address climate change and address negative impacts to the global environment. Which of the above statements is/are correct?

View answer

With reference to noise pollution in India, consider the following statements:1. Noise standards for automobiles are prescribed under the Environment (Protection) Rules, 1986.2. State Governments are responsible for categorizing the areas into industrial, commercial, residential, and silencezones for the purpose of implementation of noise standards.Q. Which of the statements given above is/are correct?

View answer

Which of the following agency is responsible for the implementation of project URBAN SERVICES ENVIRONMENTAL RATING SYSTEM (USERS)?

View answer

Top Courses for UPSCView all

Current Affairs & Hindu Analysis: Daily, Weekly & Monthly

Lucent for GK

History for UPSC CSE

Indian Polity for UPSC CSE

CSAT Preparation

Top Courses for UPSC

View all

Consider the following statements regarding Green Credit Program (GCP). Green Credit Program (GCP) is a market-based mechanismdesigned to incentivize voluntary environmental actions across various sectors. To obtain Green Credits, individuals and entities must register their activities through the central government’s dedicated app/website. Ministry of Finance is responsible for the implementation, management, monitoring, and operation of Green Credit Program.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer?

Share with a Friend

Answer this doubt

Question Description
Consider the following statements regarding Green Credit Program (GCP). Green Credit Program (GCP) is a market-based mechanismdesigned to incentivize voluntary environmental actions across various sectors. To obtain Green Credits, individuals and entities must register their activities through the central government’s dedicated app/website. Ministry of Finance is responsible for the implementation, management, monitoring, and operation of Green Credit Program.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding Green Credit Program (GCP). Green Credit Program (GCP) is a market-based mechanismdesigned to incentivize voluntary environmental actions across various sectors. To obtain Green Credits, individuals and entities must register their activities through the central government’s dedicated app/website. Ministry of Finance is responsible for the implementation, management, monitoring, and operation of Green Credit Program.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Green Credit Program (GCP). Green Credit Program (GCP) is a market-based mechanismdesigned to incentivize voluntary environmental actions across various sectors. To obtain Green Credits, individuals and entities must register their activities through the central government’s dedicated app/website. Ministry of Finance is responsible for the implementation, management, monitoring, and operation of Green Credit Program.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer?.

Solutions for Consider the following statements regarding Green Credit Program (GCP). Green Credit Program (GCP) is a market-based mechanismdesigned to incentivize voluntary environmental actions across various sectors. To obtain Green Credits, individuals and entities must register their activities through the central government’s dedicated app/website. Ministry of Finance is responsible for the implementation, management, monitoring, and operation of Green Credit Program.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of Consider the following statements regarding Green Credit Program (GCP). Green Credit Program (GCP) is a market-based mechanismdesigned to incentivize voluntary environmental actions across various sectors. To obtain Green Credits, individuals and entities must register their activities through the central government’s dedicated app/website. Ministry of Finance is responsible for the implementation, management, monitoring, and operation of Green Credit Program.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements regarding Green Credit Program (GCP). Green Credit Program (GCP) is a market-based mechanismdesigned to incentivize voluntary environmental actions across various sectors. To obtain Green Credits, individuals and entities must register their activities through the central government’s dedicated app/website. Ministry of Finance is responsible for the implementation, management, monitoring, and operation of Green Credit Program.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Consider the following statements regarding Green Credit Program (GCP). Green Credit Program (GCP) is a market-based mechanismdesigned to incentivize voluntary environmental actions across various sectors. To obtain Green Credits, individuals and entities must register their activities through the central government’s dedicated app/website. Ministry of Finance is responsible for the implementation, management, monitoring, and operation of Green Credit Program.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Consider the following statements regarding Green Credit Program (GCP). Green Credit Program (GCP) is a market-based mechanismdesigned to incentivize voluntary environmental actions across various sectors. To obtain Green Credits, individuals and entities must register their activities through the central government’s dedicated app/website. Ministry of Finance is responsible for the implementation, management, monitoring, and operation of Green Credit Program.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements regarding Green Credit Program (GCP). Green Credit Program (GCP) is a market-based mechanismdesigned to incentivize voluntary environmental actions across various sectors. To obtain Green Credits, individuals and entities must register their activities through the central government’s dedicated app/website. Ministry of Finance is responsible for the implementation, management, monitoring, and operation of Green Credit Program.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice UPSC tests.

Explore Courses for UPSC exam