Guyana will lose out on around US$20M of the payment it would have received under its forest protection agreement with Norway for last year, once increased deforestation is confirmed by independent verification exercises to be completed by month end, according to Natural Resources Minister Robert Persaud.
The figures, contained in the third Report on deforestation rates for the year 2012, compiled by the Guyana Forestry Commis-sion (GFC) and the forestry consulting firm Indufur, showed that Guyana’s deforestation rate has jumped to 0.079% in the Year 3 reporting period (2012), from 0.054% in the Year 2 reporting period (2011).
The Report was completed under the Monitoring Reporting and Verification (MRV) system for
