The Architecture for REDD+ Transactions (ART) on Thursday issued Guyana over 33 million carbon credits, paving the way for possible lucrative earnings from the country’s carbon storage potential.
The announcement preceded word from the Office of the President last evening that President Irfaan Ali will this morning witness the signing of Guyana’s first sale agreement on carbon credits.
The credits, which were accumulated during the five-year 2016 to 2020 period, are certified based on ART’s standard for measurement, monitoring, reporting and verification, The REDD+ Environmental Excellence Standard, known as TREES.
