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Context: Forest Advisory Committee has approved the implementation of Green Credit scheme.
Key features of the scheme:
It allows “forests” to be traded as a commodity.
It allows the Forest Department to outsource one of its responsibilities of reforesting to non-government agencies.
Need for change:
This is not the first time that such a scheme has been mooted. In 2015, a ‘Green Credit Scheme’ for degraded forest land with public-private participation was recommended, but it was not approved by the Union Environment Minister, the final authority.
Benefits of the scheme:
Such a scheme will encourage plantation by individuals outside the traditional forest area and will help in meeting international commitments such as sustainable development goals and nationally determined contributions.
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