REDD+ Technical Support

AS Guyana’s Low Carbon Development Strategy moves beyond its start-up phase, the government is leading efforts to advance work on the six priority investments for this year. The six investments will accelerate Guyana’s transition to a low carbon economy by deploying the US$70M earned by Guyana for the provision of Forestry Climate Services under the Guyana/Norway Agreement.

In May 2010, Norway agreed to contribute up to $1 billion towards reducing deforestation and forest degradation and loss of peatland in Indonesia, which now account for more than 80 percent of the country’s greenhouse gas emissions. The “Letter of Intent” is a promising first step, yet the two countries must still settle key details of the agreement. Below is WRI’s analysis of the Letter of Intent and recommendations for what should be addressed next.