Deploying Guyana's forest as a global asset
Guyana’s Low Carbon
Development Strategy 2030

Investing in Guyana's Future

Read LCDS 2030

OUR VISION

Create New Incentives for a Low-Carbon Economy

SUSTAINABILITY PLANNING
  • Forestry
  • Biodiversity
  • Water Resources
  • Ocean/Marine Resources

Protect against Climate Change and Biodiversity Loss

CLIMATE ADAPTATION AND RESILIENCE
  • Climate Resilient Agriculture
  • Climate Risk Assessment & Insurance
  • Coastal Infrastructure
  • Mangroves Restoration and Expansion
  • Drought and Flood Management

Stimulate Future Growth: Clean Energy and Low-Carbon Development

GREEN JOBS AND SUSTAINABLE LIVELIHOODS
  • Clean and Renewable Energy
  • Ocean Economy Opportunities
  • Digital Infrastructure
  • Low-Carbon Transportation

Align with Global Climate and Biodiversity Goals

 
  • UN Sustainable Development Goals
  • Nationally Determined Contributions
  • Aichi Targets on protected Areas
  • Leaders Pledge for Nature
  • UN: Net Zero by 2050

OUR STRATEGY

Create New Incentives
for a Low-Carbon Economy:

Create New Incentives
for a Low-Carbon Economy:

PHASE 1
LCDS

1
LCDS 2009 Consultation
2
LCDS 2009
3
Total performance based payment
USD $224 M
4
Implementation of Projects
USD $224 M

Results Based Payments

2009-2015
US $224 M

PHASE 2
LCDS

2
LCDS 2030
3
Total Carbon Credits Payments
USD $187.5 M
4
Implementation of Projects

Carbon Credit Payments

December, 2022
US $75M
January 2023
US 37.5M
July 2023
US 37.5M
January 2024
US 37.5M

LCDS PHASE 2
IMPLEMENTATION

Low Carbon Implementation
at the National Level

Priorities at the National Level identified through national consultation, feasibility studies, and various reports.

Forest Ecosystem Services: First country to be certified under the Architecture for REDD+ Transactions: The REDD+ Environmental Excellence Standard (ART: TREES) and first country to sell carbon credits under ART: TREES. Voluntary Partnership Agreement signed with the European Union-Forest Law Governance and Trade. Implementation of Programme for the Endorsement of Forest Certification.

US$ 150 Million received as at July 31st 2023 from Guyana’s first commercial sale of carbon credits.

Utility Scale Solar project for 33MW of energy in implementation.

Over US$ 94M dedicated in 2023 alone towards flood adaptation.

Among others, Guyana is committed to Net Zero by 2050 – Guyana’s 18 million hectares of forest sequester 154 million tons CO2 annually. The highest emitting sector (FOLU) emits approximately 10.7 million tons of CO2 (down from 11.9 in 2021). Guyana has committed to keeping 99% of its forests intact and its deforestation rate of 0.036 (down from 0.042 in 2021) is 90% below the global average.

Low Carbon Implementation
at Village Level

Leading Sustainable Development at Village level with clear Strategy, and effective resourcing of Village Plans in a continuous, predictable and sustained manner.

Priority Investment needed at Village Level Identified through village-led processes

US$22.5 Million disbursed to 242 designated Village Bank Accounts for year ending 2023, from Guyana’s first commercial sale of carbon credits.

Development Projects implemented at village level in economic and social upliftment activities to deliver on climate, livelihood and food security initiatives.

OVERSIGHT & ENGAGEMENT

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.