What has been heralded as a historic carbon credits deal for Guyana is now the source of a pitched battle between the government’s climate office and some Amerindian activists over whether adequate consultations were held.
Last year, the Guyana Government announced that the Architecture for REDD+ ((Reducing Emissions from Deforestation and forest Degradation) Transactions (ART) issued and certified Guyana with over 33 million carbon credits for sale. With forests serving as carbon sinks and approximately 85% of Guyana’s landmass covered in forests, coupled with a low deforestation rate, there was an approach to monetise the forests.
