New Delhi: The World Bank has approved USD 225.5 million under its Enhancing Landscape and Ecosystem Management (ELEMENT) Project to manage forest landscapes better and enhance forest value chains in more than 400 villages across Tripura and Nagaland, the global body said in a release. The project will support more than 700,000 people to manage forest landscapes better and enhance forest value chains in both states.
ELEMENT Project will help conserve and restore over 100,000 hectares of forest thus enhancing landscape-based value chains for economic transformation while avoiding almost 435,000 tons of carbon emissions per year. The Project will also strengthen soil conservation and improve water availability, as per the release.
“The Project will contribute to leveraging forests for private sector driven job creation in non-timber economic activities, enhancing the carbon sink capacity of the forest, and ultimately contributing to economic growth and social well-being in Tripura and Nagaland,” said Auguste Tano Kouame, the World Bank’s Country Director for India. (ANI)
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