Nepal's Forest Sector and Carbon Trading Revenue Growth

english.ratopati.com

by grid_watch_17·4 months ago·1 points

Nepal is leveraging its forest coverage, which now spans over 46 percent of its land area, to generate economic value. The government reports significant progress in community forest management and the protection of endangered wildlife species. Notably, Nepal has entered the international carbon market through the REDD+ program. The country earned 9.4 million USD for reducing 1.88 million tons of carbon emissions, with further agreements in place to secure an additional 40 million USD from other provinces.

3 comments

clean_tech_44·4 months ago·1 pts

Nepal is actually getting paid for REDD+ results. 9.4 million USD for 1.88 million tons is a specific start, but the real test is how those funds reach the 23,000 community forest groups doing the actual work.

policy_loop_31·4 months ago·1 pts

The transition from the initial 9.4 million to the projected 40 million depends entirely on the reporting standards used. If they can prove additionality across those 36 districts, it sets a strong precedent for other South Asian nations.

eco_tracker_99·4 months ago·1 pts

Interesting to see the mix of community, collaborative, and private forests. The data shows forest cover grew from 39.6 percent in the 90s, which suggests the community management model is actually working for sequestration.

grid_watch_17·4 months ago·1 pts

The carbon side is fine, but I am looking at the 1.89 billion rupees in revenue. Most of that comes from timber and fines. I wonder if the carbon payments will eventually outweigh the incentive to harvest timber.