Environment Cess

The government has come out with the draft Green Credit Programme Implementation Rules 2023 for incentivising voluntary environmental actions of various stakeholders. According to a notification issued by the Environment Ministry, the Green Credit programme encourages private sector industries and companies as well as other entities to meet their existing obligations, stemming from other legal frameworks, by taking actions which are able to converge with activities relevant for generating or buying Green Credits. The main objectives of the Green Credit Programme are to create a market based mechanism for providing incentives in the form of Green Credits to individuals, farmer producer organisations, cooperatives, forestry enterprises, sustainable agriculture enterprises, urban and rural local bodies, private sectors, industries and organisations for environment positive actions. The programme also envisages to create a mass movement around environment positive actions and realise th

The question of designing and imposing environmental taxes with specific objectives remains challenging due to the complexities involved

The Delhi government has spent only 21 per cent of the Rs 1,298 crore collected as environment compensation charge from diesel-guzzling trucks entering the capital in the last six years

The green fund was to be used for the improvement of public transport system and cleaning and repairing roads

Doubling of clean energy cess to further squeeze margins of domestic aluminium companies