In the Media
Guyana to soon receive US $40M from Norway
June 20, 2012
Demerarawaves
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, according to the Government Information Agency (GINA).
Mr Stoltenberg gave this assurance to President Donald Ramotar in Brazil today 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.
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Keywords: Guyana, Latin America, LCD, Norway, policies, REDD