Nepal Emission Reductions Program in the Terai Arc Landscape

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The development objective of Emission Reductions Program in the Terai Arc Landscape Project for Nepal is to make payments to the recipient for measured, reported and verified emission reductions related to reduced deforestation and forest degradation and to the enhancement of forest carbon stocks in the Terai Arc Landscape, and to distribute the payments in accordance with an agreed-upon Benefit sharing plan(BSP). This project has two components. 1) The first component, Measurement, reporting and verification (MRV) and payment of Emission Reductions (ERs) generated by the program, aims to measure emission reductions generated from implementation of ER Program activities twice during the program period. 2) The second components, Distribution of ER payments as per the BSP, aims for distributing the payments according to the BSP.