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Prospects for REDD+ Financing in Promoting Forest Sustainable Management in HKH

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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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