Guyana tasked with leading new forest protection plans in Commonwealth

Last year, an end-user agreement for carbon credits was signed with the oil company Hess Corporation. The Hess deal, Guyana’s first carbon credit deal so far, was brokered after the country got special carbon credits issued to it last December.

These forests cover an area the size of England. The forests store over 19.5 gigatonnes of carbon which if cut down, would release all of that into the atmosphere, further causing harm to the environment.

But Guyana has been protecting those forests for years; it is focused on ways on sustainably managing those forests and earning from its forest protection efforts.

President Ali, on Saturday, emphasised that the government is committed to environmental preservation.

“This will never change.

“Guyana is just one of four high-forest cover, low-deforestation countries in the world. That is why the recent coup in Gabon, another [High Forest cover, Low Deforestation] country is of concern to us.

“We don’t want that to affect its environmental protection efforts. We are more than willing to help them to continue the preservation path,” Dr. Ali said.