KATHMANDU:- Nepal has received $9.4 millions from the World Bank’s Forest Carbon Partnership Facility under its REDD+ Emission Reductions Program in the Terai Arc Landscape, marking the first payment under the Emission Reductions Payment Agreement.
The payment recognizes Nepal’s efforts in reducing deforestation, promoting sustainable forest management, and supporting local communities.
Forest Carbon Partnership Facility program involves communities, Indigenous People, and civil society groups to protect and restore forests while improving rural livelihoods.
Funds will be distributed according to Nepal’s Benefit Sharing Plan, which ensures that forest-dependent communities benefit directly.
According to Dr. Rajendra Prasad Mishra, Secretary of the Ministry of Forests and Environment, the milestone reflects the dedication of communities and the government in conserving forests and advancing climate action.