Georgetown: Guyana and Norway’s revolutionary climate and forest partnership has been featured on renowned, American business magazine, Forbes’ website.
The article acknowledges the partnership’s aim of balancing sustainability with development, through Guyana’s low Carbon Development Strategy.
The LCDS focuses on avoiding tropical deforestation and degradation, creating low-carbon infrastructure and providing persons with the tools they need to succeed, without plundering the vast ecological and natural resources.
The article highlights that Guyana has been able to do what few developing forest countries have done- resist the economic forces to cut natural resources for cash, keeping more than 99.5 percent of its trees vertical and forests healthy.
This has been done through direct investment by Norway, which has pledged US$250M in payments to Guyana for avoiding deforestation and degradation.
Norway is paying for measured results by Guyana in delivering services that cool the planet’s climate by avoiding the destruction of trees.
This is seen as a win-win situation, brought about under the visionary leadership of former President Bharrat Jagdeo.
One of the keys to the Norway agreement is that the activities of Guyana are verified by outside third parties who examine both actual forest loss through scientific sensing equipment, as well as social impacts.
Keeping forests standing is seen as the single easiest and cheapest way to significantly reduce emissions that cause global warming.
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