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Nepal receives $95,000 from forest carbon trust fund

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KATHMANDU, June 15: Three watersheds in Dolakha, Gorkha and Chitwan districts on Wednesday received a total sum of $95,000 under the first-ever Forest Carbon Trust Fund (FCTF) in Nepal.



Charnawati watershed in Dolakha received $45,535, while Ludikhola watershed in Gorkha received $27,560 and Kayarkhola watershed in Chitwan received $21,905.[break]



The FCTF piloted in the three watersheds has been implemented in a project on Reducing Emissions from Deforestation and Forest Degradation Plus (REDD+), International Centre for Integration Mountain Development (ICIMOD) said in a statement.



The project focuses on sequestering carbon through community-based forest management. The project financed by the Norwegian Agency for Development Cooperation (Norad) covers over 10,000 hectares of community managed forest and has an outreach to cover 16,000 households with over 89,000 forest dependent people, the statement said.



According to ICIMOD, it is one of the world´s first carbon offset projects involving local communities in monitoring carbon in their forests and providing necessary training for them. Norad has provided a seed grant of $100,000 to initiate the fund.



The project is being implemented by ICIMOD, and its partners -- the Federation of Community Forestry Users Nepal (FECOFUN) and the Asia Network for Sustainable Agriculture and Bio-resources (ANSAB).



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