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\hypersetup{pdftitle={A Methodological Approach for a Comparative Cost and Benefit Analysis on Carbon and Timber Trade in Community Forests of Nepal},pdfauthor={Sony Baral, Harald Vacik},pdfsubject={Tropentag 2016: Abstract},pdfkeywords={Carbon, Community Forestry, financial Analysis, Nepal, Scenario planning, Timber, Trade},pdfpagemode=None,colorlinks=true}
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\begin{document}
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\parbox[b]{13.4cm}{\centering \large{\textbf{Tropentag, September 18-21, 2016, Vienna, Austria}}\\[1ex] \Large{``Solidarity in a competing world ---\\fair use of resources''\\[2ex]}}
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\Large{\textbf{A Methodological Approach for a Comparative Cost and Benefit Analysis on Carbon and Timber Trade in Community Forests of Nepal\footnote{\textbf{Contact Address:} Sony Baral, University of Natural Resources and Life Sciences (BOKU), Institute of Silviculture, Department of Forests and Soil Sciences, Peter-Jordan-Straße 82 1190 Wien, Vienna, Austria, \mbox{e-mail}: \email{sony.baral@boku.ac.at}}\\[0.8ex]}}
\normalsize{\textsc{Sony Baral$^{1}$, Harald Vacik$^{2}$}}
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\begin{itemize*}
\item[]{\small{\textit{$^{1}$University of Natural Resources and Life Sciences (BOKU), Institute of Silviculture, Department of Forests and Soil Sciences, Austria}}}
\item[]{\small{\textit{$^{2}$University of Natural Resources and Life Sciences (BOKU), Department of Forest and Soil Sciences, Austria}}}
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\index[author]{Baral, Sony}
\index[author]{Vacik, Harald}
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\textbf{Abstract}
\begin{abstract}
\normalsize{
The government of Nepal is re"=orienting its forest management policies and programs for carbon trade especially after the Reducing Emissions from Deforestation and Forest Degradation (REDD) initiatives in 2011. The community based forest management had a greater role on carbon trade, since more than one third of the national forests fall under these regimes. However, prospects of carbon trade in relation to the timber trade are less explored, especially the role in community based forest management. Hence, the proposed research provides a framework for the comparative assessment of the costs and benefits regarding timber and carbon trade for community forests. It allows exploring the prospects and challenges of trading carbon to the general well"=being of the local communities' especially poor and marginalised groups. 







The research will be carried out in four community forests of Nepal, which are trading timber regularly from last three consecutive years. The study will estimate total timber and carbon biomass and tradable volume based on the ``National Forest Carbon Inventory Guidelines, 2014''. After that, the study will estimate gross benefit from carbon and timber trade following value transfer or market survey method as applicable. The framework allows estimating the costs of both carbon and timber trade using multiple methods, such as value transfer, focus group discussions, expert interviews. A comparison on the financial efficiency between carbon and timber trade will be done by calculating net present value, benefits and cost ratio and internal rate of return. Furthermore, household survey will be carried out to assess the current level of dependency on forest resources to explore trade potentiality of carbon from community forests. The research will also consult with wide range of stakeholders to explore problems and prospects of carbon trading from the community forests, especially focusing on regulatory, institutional and market environment. In addition, research will use decision support system, conduct scenario planning and sensitivity analysis to assess future conditions whether the carbon trade would be beneficial to local community. Based on this, the study will ``predict conditions or scenarios which are required to make carbon trade beneficial to the community in comparison to the timber''. 



}

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\noindent \textbf{Keywords:} Carbon, Community Forestry, financial Analysis, Nepal, Scenario planning, Timber, Trade
\index[key]{Carbon}
\index[key]{Community!Forestry}
\index[key]{Financial Analysis}
\index[key]{Nepal}
\index[key]{Scenario planning}
\index[key]{Timber}
\index[key]{Trade}
\end{document}
