ERPA is a document in which the seller and the buyer agree on the commercial terms (e.g. contract volume, unit price, conditions of effectiveness, reporting period, advance payments, etc.) of the sale and payment for Emission Reductions to be generated and verified under an Emission Reductions Program. REDD+ country is a seller and FCPF/Carbon Fund is the Buyer. Nepal has made an ERPA with FCPF/Carbon Fund on 24 February 2021.