Global Green Credit Initiative and Cooperatives Businesses for Climate Action

By : Sundeep Kumar Nayak , Ayasakanta Mohanty , P. K. Swain

Page No: 393-399

Abstract
Under Green Credit Program launched by the Ministry of Environment, Forest and Climate Change, Government of India, green credits will initially be generated from water conservation and afforestation projects. This is a market-based mechanism to incentivize voluntary environmental actions by various stakeholders including cooperatives. India has about 0.8 million primary level cooperatives working in diverse fields. There are other types of cooperatives at District, Apex and Multi-State levels. The total number of cooperatives of all types is little less than 0.9 million. This paper presents the argument that cooperatives have a big role in the green credit program to fight climate change as an economic activity.

Authors :
Sundeep Kumar Nayak : PhD Scholar, Department of Business Administration, Faculty of IBCS, SoA Deemed to be University, Bhubaneswar, Odisha, India.
Ayasakanta Mohanty : Professor, Department of Business Administration, Faculty of IBCS, SoA Deemed to be University, Bhubaneswar, Odisha, India.
P. K. Swain : Professor, Department of Business Administration, Faculty of IBCS, SoA Deemed to be University, Bhubaneswar, Odisha, India.
 

DOI: https://doi.org/10.32381/PROD.2024.64.04.6