Georgetown : Prime Minister of Norway Mr. Jens Stoltenberg has reaffirmed the country’s support for the implementation of Guyana’s Low Carbon Development Strategy (LCDS) which continues to be hailed as a model for sustainable development.
Mr Stoltenberg gave this assurance to President Donald Ramotar in Brazil where many countries’ leaders and climate change experts have gathered for the Rio+20 summit in Rio de Janeiro.
The Norwegian Prime Minister expressed satisfaction with work of LCDS and indicated that Guyana will soon receive another US $40M and later this year, US$60M.
Guyana in partnership with Norway, which is located in Northern Europe, has been implementing an Interim REDD+ arrangement through which the country has already earned about US$70 M in performance- based payments from avoided deforestation and under which the country can earn up to US$ 250 M by 2015.
During a side meeting organised by The Energy and Resources Institute (TERI) of India in association with the German Federal Environment Agency (UBA) and Institute for Global Environmental Strategies (IGES), Japan, on Tuesday, President Ramotar explained that the financing his country is garnering, is being utilised to execute projects that will allow the country to meet ‘almost its entire domestic energy needs through clean energy; support the diversification of the national and local economy and thereby reduce pressures on our forests, and to implement measures to adapt to climate change’
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