Looking for a specific product?

Make a search for products & suppliers, articles & news.

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.

 

Related news

Latest news

New Zealand Navy turns to Vestdavit for hands-on experience

Since 2000, Vestdavit has supplied 14 davits for seven NZ Navy vessels.

DNV GL and AEP Ohio win Energy Award for helping new energy efficient technology in ultra-low temperature freezers reach the market

Stirling ultra-low temperature freezers now ENERGY STAR certified

New 4K Displays Enable Cutting-Edge Multi-Data Fishing Vessel Bridge Solution from Furuno Norway

Newbuild Danish trawler 'Gitte Henning' first to benefit from large-format, ultra high definition bridge display innovation.

New DNV GL class notations aim to improve stern tube bearing performance

In the “Shaft align” class notations and the revised main class requirements for single stern tube bearing installations,

DNV GL provides due diligence to institutional lenders for investment in 659 MW Walney offshore wind project

Through DNV GL’s technical assessment to the group of lenders,

Welcome to the new service centre in Rørvik!

OK Marine will sell and offer service of its recognized cleaning fish products.

DNV GL boosts investment in 3D printing with establishment of Global Additive Manufacturing Centre of Excellence in Singapore

Through the newly established centre, DNV GL is running the recently announced collaboration with Sembcorp Marine,

DNV GL advised Partners Group on technical risks in its investment in Borssele III-IV

Due diligence on Dutch offshore wind project focused on technical risks.

Next generation hull calculation software: DNV GL launches Nauticus Hull version V20

With new ship rules and IACS requirements increasing the scope of hull design,