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.
Guyana’s REDD+ financing landscape is set out below:
Multilateral Institutions account for approximately 58% of the total amount of REDD+ funding committed to Guyana. This entire amount (US$ 11.6 million) was allocated to the Guyanese government, including the Office of Climate Change (OCC), the Project Management Office (PMO), and the Guyana Forestry Commission (GFC).
Financial flows from donor government agencies represent around 22% (US$4.5 million) of the total REDD+ finance committed in Guyana. These funds have been allocated to a diverse group of recipients, including the Government of Guyana, multilateral implementing agencies, and both international and in-country NGOs and academic institutions.
Acting as donors, Guyanese NGOs and academic institutions contributed funds to the government of Guyana, as well as a single consultant (for studies related to MRVs).
Supranational institutions committed approximately US$2 million to institutional implementing agents.
An overview of the REDD+ financing landscape in Guyana shows that multilateral institutions are primary contributors, with a vast majority of these funds coming from the IDB. Other larger donors include the European Union (EU) and the government of the Netherlands, each contributing approximately 10% of the overall total funds committed to Guyana. These funds are scheduled to be received by United Nations Development Programme (UNDP) and the Guyana Forestry Commission (GCF).
Local NGOs contributed funding to the country as well, with WWF – Guyana committing a small amount (US$20,000) to a local consultant to conduct MRV work as part of his dissertation and CI – Guyana committing a larger amount (approximately US$2.1 million) to the GCF. In general, NGOs do not donate funds to local governments; however, CI – Guyana has formed a partnership with the GCF to support the development of Guyana’s national MRV system and asses historical forest area changes.
In 2009, Guyana received a single commitment of US$3.8 million from the FCPF, which has yet to be disbursed. Commitments increased substantially, in both 2010 and then again in 2012, reaching a total of .1 million. Disbursements increased slowly but steadily over this period, with only 10% of the total committed funds disbursed by the end of 2012.
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