Nepal: Grant for Carbon Storage Project: Village Forests

Randy Bluffstone, PSU professor of economics and fellow with the Institute for Sustainable Solutions, received 3-year, $393,000 grant from the World Bank to study this topic in Nepal, a nation leading the trend of local forest stewardship to reduce poverty. The research project is built on a program called REDD+ (the U.N. Collaborative Programme on Reducing Emissions from Deforestation and Degradation in Developing Countries) that provides funding for developing nations to increase carbon sequestration.