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. The world has now conceptually moved pretty ahead in terms of rewarding the developing countries for carbons with those origins. Thanks to the inherent character of the forests which is both the source and sink of carbon dioxidethe major culprit of climate change. Thanks also to the global UNFCCC initiative which has prepared to take a great leap from its original Kyoto position (1997) that had limited its reward domain to the carbon generated from new plantations. Both the UNFCCC sponsored specialized group (AWG-LCA) and the much controversial Copenhagen have ratified the concept. It can thus be predicted that the forthcoming convention of parties (COP15) scheduled in Cancun in November 2010 would approve the case.
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