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REDD/REDD+ is an emerging market based approach under UNFCCC and has become mechanism to mitigate climate change and enhance carbon stock in Forest. The context of forestry and socioeconomic setting in Nepal is of the unique type, and Nepal has to compete with the countries like Brazil and Indonesia for forest resource and with the countries like USA and Canada for other resources. Since, Nepal is well-known for CBFM in world- REDD/REDD+ mechanism must include the Community Forests while implementing it, but we have lack of necessary institutional and legal framework to support for. Benefit sharing and payment mechanism is the topic of hottest debate to address in this context; apprehending the scenario- this book attempted to explore prospects from grass-root level to address the issue analyzing reflection from concerned stakeholders and communities.