Nepal Signs Landmark Carbon Credit Deal with LEAF Coalition: A Historic Achievement in Climate Finance

Nepal has become the first Asian country to sign a landmark forest carbon deal with the LEAF Coalition, unlocking up to 55 million USD in results-based climate finance for jurisdictional REDD+. Under the agreement, Nepal will reduce deforestation and improve forest management, generating around 8 million high‑integrity forest carbon credits, some with corresponding adjustments so they can be used in compliance schemes such as Singapore’s carbon tax and CORSIA. The deal rewards decades of community-based forest stewardship that has raised forest cover to over 46% of the country, and is expected to channel benefits to Indigenous Peoples and local communities while positioning Nepal as a regional leader in sustainable climate finance.
News Link
#Nepal #LEAFCoalition #REDDPlus #ForestCarbon #CarbonCredits #ClimateFinance