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Lao PDR Signs Agreement to Protect Forests and Reduce Carbon Emissions Email World Bank Local communities, including minority groups, to benefit from US$42 million agreement VIENTIANE, January 27, 2021 – The Lao PDR and the World Bank’s Forest Carbon Partnership Facility (FCPF) have signed an agreement to provide up to $42 million between now and 2025 to support the country’s efforts to reduce emissions from deforestation and forest degradation (REDD+). A ceremony today marked the launch of this forest- and climate-focused program. Under this Emission Reductions Payment Agreement (ERPA), the World Bank commits to making payments to the Lao PDR for verified reductions of up to 8.4 million tonnes of carbon dioxide emissions in northern Laos. The program aims to address the drivers and underlying causes of forest loss in six provinces (Houaphanh, Luang Prabang, Oudomxay, Luang Namtha, Bokeo, Xayabouly), encompassing a third of national territory. The region has been responsib

Luang namthaLuang prabangThongpath vongmanyNational socioEconomic development planNational green growth strategyWorld bankWorld bank forest carbon partnership facilityForest carbon partnership facilityEmission reductions payment agreementNational socio economic development planVice ministerForest landscapesEnvironment and natural resourcesSocial inclusionLao pdr la