The Government of Guyana today announced ART’s issuance of 9,085,923 high-integrity TREES
carbon credits for the year 2023, marking another major milestone in the country’s long-standing
leadership in sustainable forest management, climate action, and jurisdictional-scale carbon markets,
for the third consecutive year since 2021. These credits have been labelled as CORSIA-Eligible,
confirming their alignment with the highest international standards for environmental integrity,
transparency, and accountability.
The issuance reflects the measurable outcomes of consistent work by Guyana’s government and
forest communities in ensuring verifiable emissions reductions through forest stewardship, robust
national monitoring systems, and consistent policy commitment to low-carbon development.
“This issuance is both a validation of Guyana’s long-term vision and a signal of confidence to global
markets,” the Government noted. “It demonstrates that countries and communities can benefit from
making forests worth more alive than dead – by valuing sustainable management of forests.”
Guyana’s forests cover more than 85 per cent of the national territory. As part of Guyana’s Low
Carbon Development Strategy (LCDS), first launched in 2009, Guyana has invested heavily in forest
governance, national Measurement, Reporting and Verification (MRV) systems, Indigenous land
titling, and benefit-sharing mechanisms that ensure forest communities are direct beneficiaries of
climate finance. The ART issuance to Guyana of 2023 vintage TREES credits builds on previous
issuances and reflects the continued advancement of these systems over time.
The CORSIA label attached to these credits confirms that Guyana’s TREES credits meet the eligibility
requirements of the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA),
making them among the most rigorously assessed credits available globally. This enhances their
credibility and usability for international aviation and other compliance-oriented buyers seeking
verified, jurisdictional-scale emissions reductions.
For global carbon markets, this issuance reinforces the viability of jurisdictional REDD+ as a
cornerstone of high-integrity climate finance. It demonstrates that large-scale, government-led
approaches—anchored in national policies and transparent data—can deliver real, measurable
climate outcomes while safeguarding biodiversity and supporting livelihoods.
For Guyana, the issuance strengthens the country’s ability to mobilise results-based finance to
support national development priorities, including climate-resilient infrastructure, Indigenous
community development, forest conservation, and biodiversity protection. It also underscores
Guyana’s role as a global leader in shaping credible, equitable, and scalable solutions for forest-
based climate mitigation.
The Government of Guyana remains committed to advancing high-integrity carbon markets, improving
environmental and social safeguards, and working with international partners to ensure that forest
conservation delivers tangible benefits for the Guyanese people while contributing meaningfully to the
global fight against climate change.
