KATHMANDU, Nov. 16 (Xinhua) -- Nepal has received 9.4 million U.S. dollars from the World Bank's Forest Carbon Partnership Facility (FCPF) for reducing approximately 1.88 million tons of carbon dioxide in the Terai Arc Landscape, the World Bank said in a press release on Sunday.
This was the first payment under the FCPF's Emission Reductions Payment Agreement, a major milestone in Nepal's efforts to reduce emissions from deforestation and forest degradation and promote inclusive, sustainable forest management, the bank said.
