Latest update May 7th, 2024 12:59 AM
Aug 11, 2013 News
Guyana is one of four countries to benefit from a 2.7M Euro ($720M) European program to help determine the country’s forest carbon stocks.
Under the Reducing Emissions from Deforestation and Forest Degradation (REDD+) project, a technical platform will be established which will to support estimation of land cover changes and forest carbon stocks; identifying deforestation and degradation drivers and modelling land use changes and socio-economic development, the Office of Climate Change, an arm of the Office of the President, said in a statement.
The regional REDD+ project is supported by the European Regional Development Fund (FEDER), the French Global Environment Facility (FFEM) and the local government of French Guiana (Région Guyane).
“The project’s overarching aim is to support the reduction of greenhouse gases (GhG) associated with deforestation and forest degradation through information sharing and strengthening the technical capacity of REDD+ focal points and forest service institutions in Guyana, Suriname, French Guiana and the Brazilian State of Amapa.”
At the first meeting of the project, held on Thursday in Paramaribo, Adviser to the
President and Head of the Office of Climate Change, Shyam Nokta, disclosed that the project was initiated out of a meeting by Guyana and the Ministers of Environment of France and Suriname at the United Nations Climate Conference in Poznan in December 2008.
Nokta also provided an overview of Guyana’s REDD+ initiatives under the framework of the Low Carbon Development Strategy and with support from the Kingdom of Norway. Under the Norway deal, Guyana is to draw down US$250M in cash over a five-year period for protecting its forests. The monies are to be used in “green” projects geared to enhance the development of the country. A significant portion of the Norway funds had been planned for the Amaila Falls Hydro Project.
In lending support to the project, Nokta, according to the OCC, outlined Guyana’s willingness to share experiences and lessons learnt, while at the same time seeking support from the project to continue to build a REDD+ model.
Guyana’s Office of Climate Change and Guyana Forestry Commission are represented on the project’s Steering Committee.
The Guiana Shield is one of the largest blocks of primary tropical forest, worldwide ,as well as a region with very high biodiversity. Some 90% are covered with intact rainforest and it plays a critical role in mitigating climate change and in water regulation of Amazon and Orinoco basins.
REDD+ is a global initiative designed to pay groups or countries for protecting their forests and reducing emissions of greenhouse gas pollutants, especially CO‚ . It aims to reduce net emissions on a global scale. If it succeeds, it could help protect the world’s forests as carbon reservoirs and maximize their potential for slowing down and reducing the impact of climate change.
GRA catch EXXON trying to hunch GUYANA over 11 BUS dollars in one shot!!!!
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