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

  • Shambhavi Basnet
  • Jagriti Chand
  • Shuvani Thapa
  • Bhaskar Singh Karky
Chapter

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.

Keywords

REDD+ Community forestry management system Private sector Results-based payment Benefits 

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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Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  • Shambhavi Basnet
    • 1
  • Jagriti Chand
    • 1
  • Shuvani Thapa
    • 1
  • Bhaskar Singh Karky
    • 1
  1. 1.International Centre for Integrated Mountain Development (ICIMOD)LalitpurNepal

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