Nepal receives $9.4 million for forest carbon credits under the Forest Carbon Partnership Facility

“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." "This is the first payment under the FCPF's Emission Reductions Payment Agreement (ERPA) — a major milestone." "The payment will be distributed in accordance with Nepal's Benefit Sharing Plan...ensures that forest-dependent communities and Indigenous Peoples directly benefit.”

Locator: press release body

Subjects

Nepal Terai Arc REDD+