Guyana has a forest cover of approximately 18.4 million hectares (86%), with over 60% of forested land undisturbed by human population. Historically low levels of deforestation place Guyana in a unique position to actively address climate change and conservation through participation in REDD+. Recognizing this unique position, the government has already made great strides in committing to the implementation of a Low Carbon Development Strategy (LCDS), aimed at promoting economic development while also fighting climate change. Currently, financing for the LCDS is largely supported by the 2009 Memorandum of Understanding (MoU) signed with Norway for performance-based payments for avoided deforestation within the framework of REDD+. Guyana is also a participant within World Bank’s Forest Carbon Partnership Facility (FCPF), having submitted its Readiness Preparation Proposal (R-PP) in June of 2009.
Main donors, levels of funding committed and disbursed to Guyana between 2009 and 2011:
The chart shows the relative levels of funding donors have committed as well as the proportion disbursed to their recipients by the end of 2012. The percentage of committed funding that has been disbursed varies from 0% to 71%. The FCPF and the IDB represent the two largest donors, committing a combined total of 11.6 million, or approximately 58% of the total funds committed to Guyana.
By the end of 2012, all of the funds disbursed came from just two donors, the government of Norway (US$514,000) and CI – Guyana (US$1.5 million).
The chart maps the geographic distribution of the main donors to Guyana and cumulative support by geographic location of donor headquarters. This chart therefore shows the growing importance of both government and non-government actors in financing for REDD+. The international entities such as the FCPF and IDB have contributed the largest portion of REDD+ funding (US$ 11.56 million). These multilateral are shown in the purple pie chart.
The data presented below highlights levels of REDD+ financing committed and disbursed, main donors, recipients and REDD+ activities in the period between 2009 and 2012