July 28, 2010

Pilot Project on Forest Carbon Trading Established in Nepal

Filed under: biodiversity, climate, Forests — inece @ 3:35 pm

Nepal Forest, flickr user dey

From SciDev.Net

A pilot project underway in Nepal aims to strengthen the capacity of the government and community forest user groups (CFUGs) to measure and monitor carbon stored in the country’s forests.

A project management unit (PMU), launched 16 July 2010, has initiated a payment distribution system to reward CFUGs that increase and maintain carbon storage levels.

The four-year project, covering three watersheds, will be managed by PMU partners — the International Centre for Integrated Mountain Development, Asia Network for Sustainable Agriculture and Bio-resources, Federation of Community Forestry Users, Nepal, and the Norwegian Agency for Development Cooperation.

“If the forest biomass increases by two tonnes per hectare over the next year, then the CFUGs will be paid a sum for each extra tonne of carbon per hectare stored, based on the market rate for carbon,” Eak Rana Magar, PMU coordinator, told SciDev.Net.

A forest carbon trust fund will initially regulate trade between carbon ‘sellers’ and ‘buyers’.

For the full article, visit SciDev.net, Nepal foresters ready to sell carbon stocks.


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