Abstract
Results based payment is the main instrument of REDD+ through which emission reduction activities are rewarded in HKH region. The principle of “additionality” is used in this process which means the incentives are rewarded to the forest managers for conserving forest areas, and, thus, mitigating climate change. Incentives for conserving forests are provided in an ex-post payment model, which is a challenge to countries receiving the payments. The establishment of community forest user groups (CFUGs) for the management and conservation of forests have made locals more accountable towards forests. The involvement of the private sector is equally vital in REDD+ by contributing to sustainable forest management and rural development. Hence, this chapter focuses on the prospects of REDD+ financing by adopting various mechanisms, analyzing the challenges in REDD+, encouraging the involvement of CFUGs and private sector through improved forest management system and addressing problems with the support of national policies.
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Abbreviations
- CFM:
-
Community Forest Management
- CFUG:
-
Community Forest User Group
- COP:
-
Convention of the Parties
- DANAR:
-
Dalit Alliance for Natural Resources, Nepal
- FECOFUN:
-
Federation of Community Forest Users Nepal
- FREL:
-
Forest Reference Emission Level
- GHG:
-
Greenhouse Gas
- ICIMOD:
-
International Centre for Integrated Mountain Development
- MRV:
-
Monitoring, Reporting and Verification
- NEFIN:
-
Nepal Federation of Indigenous Nationalities
- NRs:
-
Nepalese Rupees
- NTFP:
-
Non-timber Forest Product
- REDD+:
-
Reducing Emissions from Deforestation and Forest
Degradation, and the role of Conservation, Sustainable
Management of Forests and Enhancement of Forest Carbon
Stocks
- SBSTA:
-
Subsidiary Body for Scientific and Technological Advice
- tC/ha:
-
tons of Carbon per Hectare
- tCO2:
-
tons of Carbon dioxide
- UNFCCC:
-
United Nations Framework Convention on Climate Change
- USD:
-
United States Dollar
- VDC:
-
Village Development Committee
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Basnet, S., Chand, J., Thapa, S., Karky, B.S. (2020). Prospects for REDD+ Financing in Promoting Forest Sustainable Management in HKH. In: Shang, Z., Degen, A., Rafiq, M., Squires, V. (eds) Carbon Management for Promoting Local Livelihood in the Hindu Kush Himalayan (HKH) Region. Springer, Cham. https://doi.org/10.1007/978-3-030-20591-1_13
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