Answer: (b) Link environmental actions to tradable green credits
Explanation:
GCP allows individuals, communities, and companies to earn tradable green credits by undertaking environmental actions.
• (a) Green bonds are separate financial instruments.
• (c) Penalizing emissions is part of CPCB norms, not GCP.
• (d) GCP is not a replacement for EIA.
• (b) Correct – as per The Hindu, it incentivizes environmentally beneficial actions.
Answer: (b) Link environmental actions to tradable green credits
Explanation:
GCP allows individuals, communities, and companies to earn tradable green credits by undertaking environmental actions.
• (a) Green bonds are separate financial instruments.
• (c) Penalizing emissions is part of CPCB norms, not GCP.
• (d) GCP is not a replacement for EIA.
• (b) Correct – as per The Hindu, it incentivizes environmentally beneficial actions.