According to the Guyana Times, Guyana has been approved to receive an additional US$45 million from the government of Norway for its climate services in maintaining extremely low levels of deforestation while advancing the nation’s landmark Low Carbon Development Strategy (LCDS).
This now brings all three contributions from the Norway-Guyana climate and forest partnership to a total of US$115 million since the programme was announced in 2009. Just as importantly, there are now clear signs that the monies are beginning to flow to important climate change and poverty alleviation investments that will improve the overall economy, support Amerindian peoples’ development and land rights and keep carbon pollution well below the rates of leading developed countries.
Money from the allotted US$115 million, which is facilitated through the Guyana REDD+ Investment Fund (GRIF), is now beginning to flow to investments identified in Guyana’s Low Carbon Development Strategy, including the Amaila Falls Hydro Electric Project. This project will deliver a steady source of renewable energy that is affordable, reliable and is envisioned to meet Guyana’s domestic energy needs while removing dependency on fossil fuels. [. . .] Other important initiatives being funded by the government of Guyana through the GRIF include the Amerindian Land Titling Project, which will allow Amerindians to further secure their lands and natural resources, enabling long-term social and economic sustainable development. The Amerindian Development Fund will enable almost 200 Amerindian villages to advance their community development plans.
[. . .] Yet another project to receive government funding from the GRIF will be the Cunha Canal Rehabilitation Project, a climate adaptation effort to reduce the risks of the embankment overtopping and flooding of areas along the East Bank of the Demerara. This will help to reduce threats to life and livelihoods from changing weather patterns, such as the floods that occurred in 2005 and caused damage equivalent to 60 per cent of Guyana’s economy. The projects being funded by the government of Guyana based on contributions from Norway join a suite of LCDS investments being funded directly by the government, including the installation of 11,000 solar panels in Amerindian households across the country.
[. . .] The contribution from Norway to the GRIF is part of an agreement between the two nations, which was announced when former president of Guyana Bharrat Jagdeo and former Norway Environment Minister Erik Solheim signed an agreement in Fairview in November 2009. [. . .]
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