Nepal, like any other developing country, now could sell carbon credits in the global market by way of reducing its contemporary deforestation and degradation rates and by way of forest conservation and enhancement. It sounds too good to be true? No, surely not.
While nearly $150 million has been spent to date on carbon offsets from planting trees and preserving forests, the market is in a precipitous position over limitations in the CDM for forestry projects.
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