Parliamentary Resolution – LCDS 2030
August 17, 2022
GUYANA'S
LOW
CARBON
DEVELOPMENT
STRATEGY 2030
A New Low-Carbon Economy
A New Low-Carbon Economy
The LCDS 2030 has been produced after a seven month national consultation on an initial draft, and sets out how Guyana can stay true to the vision set out in 2009.
LCDS 2030 chapters
The new LCDS 2030, as outlined in this draft for consultation will create a new-low-carbon economy in Guyana by establishing incentives which value the world’s ecosystem services, and promoting these as an essential component of a new model of global development with sustainability at its core. In Guyana’s case, harnessing the value of the country’s ecosystem services can build a long-term, low- carbon diversification opportunity.
“The LCDS is a framework intended to map the path of a new growth trajectory in a non-polluting way. Tropical forest countries have long called for the ecosystem services provided by the world’s standing tropical forests to be properly valued, through both public and private finance. This will enable people who live in forests and forest countries to create jobs and economic opportunity from an economy that works with nature, instead of today’s reality where forests are often worth more dead than alive.” — Dr. Bharrat Jagdeo, President of Guyana (2009).
This LCDS 2030 has been produced after a seven month national consultation on an
initial draft, and sets out how Guyana can stay true to the vision set out in 2009. The
country can create a model for avoiding deforestation and maintaining forests, while
at the same time growing the economy five-fold over 10 years and keeping energy
emissions flat; investing in urban, rural and Amerindian development; protecting the
coast and hinterland from climate change; creating jobs in a suite of low carbon sectors;
aligning the education and health sectors with low carbon development, and integrating
Guyana’s economy with its neighbours.
The document comprises eight chapters:
Building blocks for the new low-carbon economy: forest climate services, biodiversity, water management and the Ocean Economy
How forest climate services can be evolved because of the capabilities Guyana has built, and the potential of integrating with the emerging voluntary carbon markets
Section of Guyana’s new LCDS Investment Programme focussed on the low-carbon energy transition
Section of Guyana’s new LCDS Investment Programme to develop Guyana’s human, financial and physical capital
Addressing Guyana’s climate adaptation and resilience.
Addressing sustainable management of the oil and gas industry
Sets out the plans for the oversight of this LCDS by a national consultation, the National Assembly and the Multi-Stakeholder Steering Committee.
Sets out the plans for the oversight of this LCDS by a national consultation, the National Assembly and the Multi-Stakeholder Steering Committee.
After seven months of National Consultation, this LCDS 2030 sets the direction of travel for Guyana’s economic development. Feedback received through the consultation has been incorporated and the document is to be tabled in the National Assembly. New opportunities for development can be unlocked where Guyana earns new revenues from the sale of carbon credits.
Twelve years of engagement and projects implementation
Total Amount Available for Investment in LCDS: USD $220,800,000
Total Financing Received from Norway: USD $212,597,518
Investment Income: USD $8,300,000
Senior Minister in the Office of the President with responsibility for Finance, Dr. Ashni Singh presented Guyana’s Low Carbon Development Strategy (LCDS) 2030 to the
On Monday, July 18, 2022, the Low Carbon Development Strategy (LCDS) Multi-Stakeholder Steering Committee (MSSC) approved the finalization of the LCDS 2030. This represents the
Sign up to receive updates, promotions, and sneak peaks of upcoming products. Plus 20% off your next order.
