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Shimla: Himachal becomes the first state in the country to sign an agreement with the World Bank.
The agreement is for securing carbon credits for its 'Clean Development Mechanism' project in 11 watershed divisions under Mid Himalayan Watershed Development Project.
The project named 'Reforestation Project-Improving Livelihood and Watersheds' being implemented in 177 panchayats in 11 watershed divisions was aimed at reforestation in watershed areas, improving livelihood, falling in these watershed, and generating carbon revenue for the community.
However the 'Emission reduction Purchase Agreement'(EROA) for purchase of Certified Emission was signed by reductions (CER) by World Bank was signed by Hubert Nove Josserand, Deputy Country Director of World bank on behalf of International bank of Reconstruction and development and Sudripto Roy, additional Chief Secretary on behalf of Himachal government in the presence of Chief minister P K Dhumal.
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