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Norway announces new contribution to Guyana for its continued low deforestation

The Guyana-Norway climate and forest partnership continues to make significant progress. In 2012, Guyana kept deforestation and forest degradation at very low, though increased, levels. Based on this result, combined with improvements in forest governance in 2012-13, Norway today announces that it will contribute 35 million USD to the implementation of Guyana’s Low Carbon Development Strategy.

Today’s announcement of a US$35 million payment to Guyana is based on Guyana’s deforestation rate in 2012 as well as the country’s progress on indicators that will enable agreed goals for forest governance.

- Guyana’s ambitious goal is to enhance economic growth while preserving the rainforest. I am happy that Norway can contribute to Guyana’s green development through our partnership on forest. Guyana’s deforestation is one of the lowest in the world. The goal of the partnership with Guyana is to keep it that way, says Tine Sundtoft, Minister of Climate and the Environment in Norway.

Since 2009, Norway has been contributing to Guyana’s efforts to enhance economic development while maintaining over 99.5% of its 185 000 square kilometer forest.

In the period from January 1st 2012 to December 31st 2012, Guyana’s verified deforestation rate was 0.079%. This is an increase compared to previous years, but still an exceptionally low level relative to almost all other tropical countries.

Guyana has furthermore reported on progress of the enabling activities related to sustainable forest management in the period from June 30th 2012-September 20th 2013. These results have been independently assessed by Indufor. Substantial and satisfactory progress has been made on almost all indicators. However, Guyana’s efforts to apply for candidacy of the Extractive Industries Transparency Initiative (EITI) demonstrated slower than anticipated progress. Details on how this influences the payment can be found in the Technical Note on Payments. 

Today’s announcement brings to US$150 million the total earned from Norway to Guyana since the partnership started. The accumulated payments are being invested by Guyana in its Low Carbon Development Strategy (LCDS).

More details on this announcement and next year’s indicators for enabling the agreed goals for forest governance can be found here.

 

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