Reducing the rate and extent of tropical forest loss is a critical component of climate change mitigation efforts. A global agreement to Reduce Emissions from Deforestation and Forest Degradation (REDD+) seeks to transfer funds from developed countries to developing countries such as Nepal in exchange for verifiable emissions reductions.
Nepal's stake in reducing rmissions from deforestation and forest degradation (REDD) is high owing to its vulnerability to both climate variability and any mitigation strategies aimed at reducing emission through forest conservation. Because of its natural resource-based economy, REDD and similar mechanisms will have huge implications in Nepal (potential benefits and risks).
This presentation is the result of recent study I have conducted in collaboration with RECOFTC. The findings have presented in a workshop entitled REDD+ Status, Opportunities, and challenges in the Asia-Pacific held on 20-21 Sept, 2011 in Dhulikhel and organised by RECOFTC in collaboration with FECOFUN Nepal.
Forests are proved to be an efficient method for reducing emissions and sequestrate atmospheric carbon dioxide. Hence, a payment mechanism for Reducing Emission from Deforestation and Forest Degradation, Conservation of existing forest carbon and Enhancement of forest carbon through sustainable management of forest (REDD+) has emerged globally.