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Nepal receives $9.4 million from World Bank

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Kathmandu. Nepal has reduced about 1.8 million tonnes of carbon dioxide emissions through deforestation and deforestation control.

The World Bank has received $9.4 million from the World Bank’s Forest Carbon Partnership Facility (FCPF) for reducing carbon dioxide emissions. This amount is the first installment received under the Emission Reduction Program.

The programme has been working for the conservation of forests, restoration and sustainable livelihood development by involving local governments in areas with high biodiversity and high human population.

“This achievement is a testament to Nepal’s success in reducing deforestation, strengthening governance, biodiversity conservation and sustainable livelihoods for local communities,” said David Sislane, World Bank Country Director for Nepal and the Maldives and Sri Lanka.

The money will be invested in community-based forest restoration, community enterprises, skill development and promotion of sustainable, climate-resilient livelihoods.

Secretary of the Ministry of Forest and Environment, Dr. Rajendra Prasad Mishra said that this achievement is the result of the active efforts of the forest-dependent communities, indigenous nationalities and the government.

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