KATHMANDU: The government has announced plans to establish the Nepal Carbon Authority as part of its policies and programmes for the fiscal year 2083/84 BS.
President Ram Chandra Paudel made the announcement while presenting the government’s policy and programme at a joint session of the Federal Parliament on Monday.
According to the policy document, the government aims to expand the REDD+ programme through the formation of the Nepal Carbon Authority. The initiative is expected to ensure direct benefits from carbon credit mechanisms for community forests.
The government has also pledged to promote the use of domestically produced timber in construction and industrial sectors through policy reforms.
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