Nepal Receives $9.4 Million for Forest Carbon Credits Under the Forest Carbon Partnership Facility
Nepal, Nov. 17 -- Nepal has received a payment of $9.4 million from the World Bank's Forest Carbon Partnership Facility (FCPF) for reducing approximately 1.88 million tons of carbon dioxide under its REDD+ Emission Reductions Program in the Terai Arc Landscape.This is the first payment under the FCPF's Emission Reductions Payment Agreement (ERPA) - a major milestone in Nepal's efforts to reduce emissions from deforestation and forest degradation and promote inclusive, sustainable forest management.The FCPF program in Nepal is characterized by its strong community-based approach to sustainable forestry. Implemented across the Terai Arc Landscape - home to both rich biodiversity and a dense human population - the program brings together local...
To read the full article or to get the complete feed from this publication, please
Contact Us.