Payments for Ecosystem Services including REDD+ | WWF

Payments for Ecosystem Services including REDD+



Greenhouse gas (GHG) emissions from different sources are the main cause of global warming. Deforestation and forest degradation are major sources of GHG. Nepal ranks eleventh in the world for GHG emissions from deforestation and other land uses (World Resources Institute, 2008). Forest and grassland conversion alone are estimated to represent 80% of national carbon emissions in Nepal (Initial National Communications Report 2004).

REDD+ stands for 'reducing emissions from deforestation and forest degradation' and carbon sequestration through conservation, sustainable management and enhancement of forest carbon stocks. REDD+ is an important part of international policies to address climate change, maintaining biodiversity and improving the livelihoods of local communities. Recent developments in the UN Framework Convention on Climate Change (UNFCCC) indicate that REDD+ presents an opportunity to promote forest conservation and sustainable landscapes, and enhance the well-being of forest-dependent communities in Nepal. It is a mechanism that provides an incentive to developing countries for protecting and using their forests wisely by paying them for carbon offsets.
 The Hariyo Ban Program will support the Government of Nepal in developing national policies and strategies for REDD+ Readiness. It will initiate capacity building on GHG emission monitoring, and identify and address drivers of deforestation and forest degradation. It will support piloting of payments for ecosystem services (PES) mechanisms in REDD+ and other ecosystem services. Feasibility assessments will be carried out on PES and promising mechanisms will be tested and replicated. The Hariyo Ban Program will support developing a new biogas Verified Emission Reduction (VER) project in TAL using Gold Standard methodology to generate payments from carbon credits. National and local stakeholder consultations will be sought to discuss on carbon revenue generation in the near future.
Disclaimer: The Hariyo Ban Program is made possible by the generous support of the American people through the United States Agency for International Development (USAID). The contents of this website are the responsibility of WWF and do not necessarily reflect the views of USAID or the United States Government.