Kathmandu: Nepal has received $9.4 million (Rs 1.19 billion) 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 marks the first payment under the FCPF’s Emission Reductions Payment Agreement (ERPA), which is a significant achievement in Nepal’s efforts to minimize emissions from deforestation and forest degradation while promoting sustainable forest management.
According to National News Agency Nepal, the FCPF programme in Nepal is characterized by its community-based approach to sustainable forestry. It is implemented across the Terai Arc Landscape, an area known for both its rich biodiversity and dense human population. The programme collaborates with local communities, Indigenous Peoples, and civil society organizations to protect and restore forests while also improving rural livelihoods.
David Sislen, World Bank Division Director for Maldives, Nepal, and Sri Lanka, stated, “This milestone payment is testament to Nepal’s success in reducing deforestation, strengthening forest governance, enhancing biodiversity conservation, and expanding sustainable livelihood opportunities for local communities.”
The payment will be distributed according to Nepal’s Benefit Sharing Plan, which was developed through a participatory process involving consultations with local communities and key stakeholders. The plan ensures that forest-dependent communities and Indigenous Peoples receive direct benefits from their conservation efforts.
Investments will continue to support forest restoration, community enterprises, and climate-resilient livelihoods, reinforcing Nepal’s position as a leader in community forestry and participatory resource management, as stated by the WB.
“This results-based payment reflects the efforts and dedication of our forest-dependent communities, Indigenous Peoples, and the government in conserving and managing our forests. Nepal remains committed to advancing climate action through inclusive and community-led forest management,” said Dr. Rajendra Prasad Mishra, Secretary of the Ministry of Forests and Environment.