Guyana and EU to sign $1B forest pact

Nov 08, 2022 News

– funds aimed at cutting deforestation, increase protected areas, create forest-related jobs

Kaieteur News – Guyana and the European Union will today sign a Forest Partnership Memorandum of Understanding on the sidelines of the COP 27 in Egypt, which will see this country receiving a grant of Euro 5m ($1.045b).

President of the European Commission, Ursula von der Leyen

In a press statement released ahead of the signing, the EU said the Government of Guyana and the European Union share a 50-year-long fruitful partnership, advancing work together on shared priorities in programmes on the environment, sustainability and forest governance.

This collaboration is now being culminated, by the signing of the agreement, the EU said between President of the European Commission, Ursula von der Leyen and Guyana. The EU said the MoU underlines the genuine partnership between Guyana and the European Union, focused on long-term sustainability. “It is a reflection of the unwavering commitment of Guyana to protect its unique rainforest,” the EU said. According to EU Ambassador to Guyana, Rene van Nes, Guyana is unique in that it is one of the few countries in the world that has a negative carbon footprint. He outlined that Guyana is an example for the world and the forest partnership is a recognition of the sustained efforts by the country in preserving its forests and ensuring that timber harvesting is regulated.

For his part, President Irfaan Ali said Guyana remains committed to fighting climate change and developing sustainably. He pointed out that Guyana’s development is structured in a Low Carbon Development Strategy, which will help Guyana to build a global model for forest climate services and other ecosystem services.

The MOU, which will be signed today on the sidelines of the COP 27 in Egypt has four main objectives: increasing the area of protected, restored or sustainably managed forests, including mangroves; increasing the number of forest-related jobs; maintaining the close-to-zero annual rate of deforestation of natural forests and looking for ways to facilitate investment and trade in legal and sustainable wood products between Guyana and the EU.

President Irfaan Ali

The EU said the forest partnership is a win-win for Guyana and the EU. “With an initial EURO 5 Million grant from the EU for activities, immediate results are expected in supporting Indigenous Peoples and local communities, supporting small-scale producers, promoting sustainable trade in forest and agriculture commodities and building capacity to drive behaviour change. Youth and women are expected to play an important role in the planning and implementation of activities related to the partnership. Reflective of its continuing strong stewardship on forests, climate and the environment, Guyana launched its visionary Low Carbon Development Strategy 2030. The LCDS sets out how forests and biodiversity can be maintained, whilst the country expands green jobs, transitions the domestic energy supply to clean and renewable energy sources, and adapts to the impacts of climate change,” the EU statement added.

In recent years, both the EU and Guyana have already implemented several forest-related actions, recognizing the urgent need for strategic and focused cooperation. Building on the strong engagement in and motivation for forest conservation by the Guyanese government, both sides are increasing their cooperation on forests to make an important contribution to the UN 2030 Sustainable Development Goals. Climate change is one of the world’s main concerns and affects Guyana as it threatens the very existence of this coastal low-lying rapidly developing state. Guyana and the European Union aim at supporting the role of Guyana’s forests in sustainable development, and addressing challenges related to deforestation, forest degradation, climate change and loss of biodiversity. The Forest Partnership with the EU places Guyana at the top of the world in terms of its protection of the rainforest. It is timely, and underscores the strong commitment in continuing the bold ambition and innovative programme on climate, environment and forests. President Dr. Irfaan Ali, will address the signing event of the MOU, virtually at 4AM Guyana time on November 8. The event will be livestreamed and can be joined and followed at https://app.swapcard.com/event/eu-side-events-cop27/planning/UGxhbm5pbmdfMTA1MTg2MQ

Discover more from Kaieteur News

Subscribe to get the latest posts sent to your email.

Latest News