While South America’s Guyana has maintained relatively low rates of deforestation for more than two decades, growing economic pressures in logging, agriculture, and mining are creating concern for the country’s continued trajectory toward sustainable development.
Source: World Bank
In addition to sequestering 19 billion tons of CO2, Guyana’s forests are the source of numerous economic benefits and pressures. Much of Guyana’s forests are suitable for timber extraction, and the existence of large underground mineral deposits are increasingly attractive to the developing mining sector. Rising agricultural commodity prices are also driving land use change that could to lead to increased deforestation.
In 2014, agriculture, fishing, and forestry together accounted for 20% of Guyana’s GDP, while mining and quarrying made up another 11%. To address growing concerns around its development pathway, Guyana has implemented environment-friendly policies, such as the 2009 Low Carbon Development Strategy.
Guyana has approximately 18.5 million hectares of forests
The CIF programmatic approach to investment planning and implementation brings strategic value to CIF recipient countries. Working through a transparent, country-led process, the CIF fosters trust and collaboration among government ministries, civil society, indigenous peoples, private sector, and the MDBs that implement CIF funding. Together, they translate Nationally Determined Contributions and other national development and climate strategies into an actionable CIF investment plan. Rather than one-off projects, the plan comprises long-term, sequenced investments that mutually reinforce each other and link to other critical activities, such as policy and regulatory reform and capacity building. Under national government leadership, CIF stakeholders continue to work together to implement the plan, continually assessing progress and sharing lessons learned along the way.
Guatemala is building on national programs to better manage its natural resources, reduce GHG emissions caused by deforestation and forest degradation, and improve livelihoods.