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The Ministry of Forests and Environment has said that 80 percent of the benefits obtained from carbon emissions will be spent on the rights of communities and tribals. For this purpose, the Ministry has approved the dividend distribution plan so that it can be spent.
Minister Ain Bahadur Shahi Thakuri has said that a draft amendment to the environmental protection regulations has also been prepared for the private sector and competitive carbon trading.
The Ministry has received a grant of around one billion 600 million rupees from the World Bank for community-based forest management, and has received a grant of around 29 billion rupees to develop land-based water and air resilience for the management of communities and natural resources in sensitive watersheds affected by climate in the Himalayan mountainous regions.
"For the 13 districts of the Terai, one billion 600 million has been obtained from the sale of carbon from the forest area," he said, "Under Article 6.2 of the Paris Agreement, the agreement with the Swedish government to obtain international support for the production of carbon credits has been completed on COP-29." The ministry informed about the increase.
Nepal Forest Corporation Limited's annual target of producing chiran wood is 11 thousand 761 cubic feet, and by the end of last October, 4 thousand 646 cubic feet of wood was produced and the sale of chiran wood was 8 thousand 78 cubic feet.
