| Financier | Commitments |
|---|---|
| The Forest Carbon Partnership Facility – Carbon Fund | 45.00 |
Nepal Emission Reductions Program in the Terai Arc Landscape
Abstract*
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... Show More
Development Objective
The Project Development Objective is to make payments to the Recipient for measured, reported and verified Emission Reductions related to reduced deforestation, forest degradation and the enhancement of forest carbon stocks (ER payments) in Terai Arc Landscape, and to distribute ER payments in accordance with an agreed-upon benefit sharing plan.
Key Details
Project Details
P165375
Active
Meerim Shakirova
Ministry of Finance
December 4, 2020
(as of board presentation)
January 21, 2021
June 24, 2022
US$ 45.00 million
Ministry of Forests and Environment
2021
US$ 45.00 million
B
December 7, 2023
December 31, 2025
No
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | N/A |
| Lending Instrument | |
|---|---|
| Grant Amount | 45.00 |
| Total Project Cost** | 45.00 |
Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025
No data available.
Detailed Financial Activity as of February 28, 2025
No data available.
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Progress towards achievement of PDO | Moderately Satisfactory | 2024-12-25 |
| Financial Management | Moderately Satisfactory | 2024-12-25 |
| Monitoring and Evaluation | Satisfactory | 2024-12-25 |
| Procurement | Satisfactory | 2024-12-25 |
| Project Management | Satisfactory | 2024-12-25 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2024-12-25 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Payment by the FCPF Carbon Fund for CO2 Emission Reductions generated by the Program Value 0.00 0.00 45000000.00 Date June 8, 2020 December 5, 2023 December 31, 2025 Comment Volume of CO2e Emissions Reductions that have been measured and reported by the Program Entity, verified by a Third Party, and transferred to the FCPF Carbon Fund (tCO2e) Value 0.00 0.00 9000000.00 Date June 8, 2020 December 5, 2023 December 31, 2025 Comment Emission Reductions payments distributed in accordance with agreed Benefit Sharing Plan and arrangements Value No No Yes Date June 8, 2020 December 5, 2023 December 31, 2025 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Seven program activities implemented. Value No No Yes Date June 18, 2018 December 5, 2023 December 31, 2025 Comment