326:'s concessionary lending arm. International Bank for Reconstruction and Development (IBRD) is acting as trustee for BioCarbon Fund (BioCF) DNA Spain is the source of funding to IDA. The green development loan is for US$ 200 million. The loan agreement was signed between the World Bank and the state government in New Delhi on 28 July 2012. Funding consists of a 90 per cent grant and a 10 per cent loan at interest rate of 0.7 per cent (payable in 30 years).
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their cultivation and marketing approaches, including adopting higher value crops such as vegetables and spices. 1,500 farmers were grouped into milk federations connected to milk chilling plants. Overall household incomes had risen 13 percent, largely on account of project extension services, particularly improved agricultural production technologies and market linkages.
333:(CDM) project. The United Nations has registered MHWDP for carbon trading scheme under the United Nations Framework Convention on Climate Change. The bank will buy carbon credits from the new forests being developed. The loan program breaks new ground and has the potential for significant demonstration effects in promoting the green growth agenda.
75:. The project aims to reverse several decades of degradation of the natural resource base and improve the productive potential and incomes of the rural households in the project areas. Using a community-driven development approach, MHWDP aims to improve water harvesting, increase the area under irrigation to diversify
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MHWDP has enabled over 200 km of irrigation channels as well as over 6,000 water harvesting tanks, over 1,000 ponds, nearly 300 dams and over 260 lift or gravity irrigation schemes, and has converted about 9,000 hectares of rain-fed land into irrigated acreage, benefiting some 100,000 families.
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At mid-term review in
November, 2009, the project had already surpassed its end-of-project target of 50 per cent increased agricultural yield, achieving increased paddy (236 percent), maize (163 per cent), wheat (90 per cent), and milk yields (11 percent). Approximately 10,000 farmers had modified
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dioxide, contributing about 90% of the earth's surface carbon storage. A cubic foot of merchantable wood retains approximately 15 kg of carbon. The UN recognised carbon trading as mitigating greenhouse gas emissions. The approximate international market value of one tonne of carbon is US$ 19.
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Project Design
Document for Project Activities (CDM-AR-PDD) for India: Himachal Pradesh Reforestation Project – Improving Livelihoods and Watersheds; Version 07. Clean Development Mechanism (CDM) Executive Board, United Nations Framework Convention on Climate Change (UNFCCC). (3 February 2011)
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Other states in India are looking to replicate the
Himachal carbon credit project. It has seen as a potential showcase for other countries in South Asia. "...After getting the Mid-Himalayan Watershed Development Project registered with the United Nations Framework Convention on Climate Change
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Emphasis was given to assuring transparency and accountability of governmental oversight and project decision making. To facilitate broad participation ownership of the program, the
Himachal Pradesh government conducted consultations with key stakeholders, and also chartered the
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project is registered for carbon credits by the UN under which the World Bank will buy carbon credits from the new forests/ plantations being developed on degraded areas in 177 gram panchayats covering around 4,000 hectare land falling in 10 districts of the
134:(A/R CDM) activities, initially on 4,003.07 ha but subsequently expanded to approximately 10,000 ha of degraded lands. MHWDP will manage HPRP until 2013 or beyond. The State Forest Department will subsequently manage the project. HPRP was registered with the
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Himachal
Pradesh endeavors to become the first carbon-neutral state in India. The A/R CDM project is developed under the umbrella of the World Bank funded MHWD Project and it expected to sequester 828,016 units tCO2-e of
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MHWDP manages a subproject, the
Himachal Pradesh Reforestation Project (HPRP), also called the HP Bio-Carbon Reforestation Project-Improving Livelihoods and Watersheds. HPRP implements Afforestation and Reforestation
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to independently assess and report on stakeholder views. Velander analyzed the MHWDP model, which implements project goals and objectives through the pre-existent local governments, the Gram
Panchayats.
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India - Development Policy Loan to
Support Inclusive Green Growth and Sustainable Development in Himachal Pradesh Project : summary of discussion. World Bank. Washington D.C. (6 September 2012)
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and other sustainable agriculture practices increases the organic matter content of the soil, and the enhanced water retention capacity facilitates sustainable and productive agriculture.
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expand : The carbon revenues were calculated at US$ 5 per tonne of carbon dioxide accumulated in tree biomass, above as well as under the ground. This equates to approximately
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310:(UNFCCC), Himachal Pradesh has become the first state in India to implement the clean development mechanism (CDM) project. Under the project, world’s largest..." Expand based on
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118:, which carries water that sustains more than 200 million people. The project covers 11 watershed divisions and involves 704 gram panchayats located in 43 blocks spread over 10
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Program
Information Document (PID) Appraisal Stage: Himachal Pradesh Development Policy Loan to Support a Shift towards Green Growth (30 May 2011; updated 16 February 2012)
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Project 4174 : India: Himachal
Pradesh Reforestation Project – Improving Livelihoods and Watersheds. United Nations Framework Convention on Climate Change (UNFCCC)
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Approval letter for HP Bio-Carbon Reforestation Project-Improving Livelihoods and Watersheds. Government of Himachal Pradesh Department of Forests. (16 April 2009)
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Although only 1 of 76 projects and just US$ 200 million of World Bank's US$ 23 billion portfolio in India, HPRF is the world's largest and India's first
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Himachal's afforestation plan, Mid-Himalayan Watershed Development Project for carbon trading scheme, gets UN nod. The Times of India. (17 July 2011)
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Development Policy Loan (DPL) to Promote Inclusive Green Growth and Sustainable Development in Himachal Pradesh. The World Bank Group. (7 Sept 2012)
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base including forests, has achieved improved agricultural yields and productivity, and has raised rural household incomes. It includes the
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http://cdm.unfccc.int/filestorage/V/X/2/VX2CMP0TOKN7J698QEBZDU1HFS4R3I/LoA%20Spain.PDF?t=aW18bWN2ZWhtfDByhCSDl5I2fV5dO-wH1qxh
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Velander M. Redefining Development Around Local Authorities: Case Study of Himachal Pradesh Mid-Himalayan Watershed Project
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World Bank signs world’s largest CDM project with Himachal Pradesh state government in India. Panchabuta. (27 May 2011)
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The Mid-Himalayan Watershed Development Project (MHWDP) is an administrative unit of the Department of Forests of the
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The project got approval on 6 September 2012 and the proposed closing date of this project is 30 September 2013.
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Implementation Status and Results Himachal Pradesh Mid-Himalayan Watershed Development Project : P093720.
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World Bank gives $ 200 million loan to Himachal Pradesh for green development. Times of India. (28 July 2012)
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India's Himachal Pradesh to Benefit From World Bank Loan. Michael Harris. HydroWorld.com (11 September 2012)
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carbon emissions will be reduced by 40,000 tonnes per year for a 20-year crediting period from the year 2006.
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World Bank to give USD 37 million more for Himachal Pradesh watershed project. Jagran Post. (20 May 2012)
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World Bank and Government jointly review projects worth USD 4.3 billion. Jagran Post (26 September 2012)
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World Bank grants additional $ 37m for HP mid-Himalayan watershed project. The Pioneer. (28 Sept 2012)
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549:"World Bank approves loan of $ 37 million for Himachal - NY Daily News | NewsCred SmartWire"
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India: Himachal carbon credit project to be replicated in other states. Ausante. (9 April 2012)
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The World Bank and Himachal Pradesh state government project is financed by a credit from the
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World Bank approves loan of $ 37 million for Himachal. New York Daily News 28 September 2012
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World Bank approved 1100 Crore Rupees Loan for Himachal Pradesh. JagranJosh. (30 July 2012)
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World Bank to give $ 200 mn aid to Himachal Pradesh. Press Trust of India (23 July 2012)
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UN-aided project in Himachal to cut down carbon emissions. Times of India (26 Jun 2011)
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Sunderbans absorb over 4 crore tones carbon dioxide PTI (26 Apr 2011)
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between 600 and 1800 metres above mean sea level. It encompasses the
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2,500 per hectare, depending on growth of trees and other factors.
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over the first crediting period of 20-years at the rate of 10.34 t
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The natural habitats of Himachal Pradesh exhibit a high degree of
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http://cdm.unfccc.int/Projects/DB/TUEV-SUED1291278527.37/view
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TITLE Rakesh Lohumi Tribune News Service (12 June 2012)
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India's first clean development mechanism (CDM) project
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strong incentive to protect forest cover in the area.
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192:The forests of the Himachal Pradesh
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778:Environmental issues in India
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51:(HPRF), the world's largest
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114:. These rivers join the
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322:(IDA), the
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783:World Bank
757:Categories
716:TITLE DATE
604:TITLE ETC
346:References
324:World Bank
229:e, e.g. CO
194:watersheds
73:World Bank
59:Background
559:6 October
314:Financing
120:districts
41:ecosystem
38:watershed
719:Archived
183:endemism
142:Overview
244:/year.
122:of the
258:state.
136:UNFCCC
112:Sutlej
428:TITLE
238:CO2-e
225:of CO
223:tonne
124:state
116:Indus
561:2012
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108:Beas
104:Ravi
79:and
32:and
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