Guyana-Norway partnership on climate and forests

In November 2009, Norway and Guyana signed on a Memorandum of Understanding declaring the two countries’ determination to provide a working example of how partnerships between developed and developing countries can save the world’s tropical forests.

 

This is one of the first examples of results-based payments for reductions in emissions of CO2 from deforestation and forest degradation on a national scale.

The funding from Norway will contribute to financing Guyana’s low-carbon development strategy, which aims to provide economic and social development, while protecting the forest 

Norway contributed 30 million dollars to support the Guyana REDD+ Investment Fund in 2010, and 40 million dollars in 2011. Provided that the expected results are achieved and that other elements of the partnership fall into place, Norwegian support for the years up to 2015 could add up to as much as USD 250 million. The financial support from Norway will be channeled through the Guyana REDD+ Investment Fund (GRIF), administered by a reputable international institution. 

Guyanas strategy for low-carbon development sets out how Guyana can limit forest-based emissions, convert almost its entire energy sector to clean energy, accelerate the development of low-carbon economic sectors and address the huge challenges the country is facing in adapting to climate change. As an illustration, 90% of Guyana’s productive land is threatened by changing weather patterns, and in 2005, floods wiped out infrastructure and materials worth the equivalent of 60% of GDP.

The partnership between Guyana and Norway provides a model example on how developing countries, including countries with historically low deforestation, can be economically compensated for maintaining their forest covers.  

 

Background and documentation:

 

Joint press releases:

 

Results reporting Guyana:

 

Other reports:

 

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