GUYANA, often referred to as the “Land of Many Waters,” is home to one of the world’s most valuable and biodiverse ecosystems—the Guyana rainforest.
Stretching over 85 per cent of the country’s territory, this vast expanse of lush, pristine wilderness plays a crucial role in global climate regulation and biodiversity conservation.
Moreover, it also serves as a source of revenue through the sale of carbon credits, offering a unique opportunity to fund essential environmental and social initiatives, especially those benefitting indigenous communities.

Guyana’s rainforest is a biological treasure trove. It harbours an astonishing array of wildlife, from jaguars and tapirs to countless species of birds and insects.
This biological diversity is not only vital for maintaining global ecological balance, but also offers countless possibilities for scientific discoveries that could contribute to medical breakthroughs and the advancement of our understanding of life on Earth.
Former Prime Minister of the United Kingdom, Tony Blair, has said that the country’s forest conservation is a “rare commodity,” and the efforts undertaken by the country’s officials will see Guyana playing a pivotal role in providing credible leadership in Dubai at this year’s United Nations Climate Change Conference/Conference of the Parties of the UNFCCC also known as COP 28.

One of the most compelling aspects of Guyana’s rainforest is its role as a carbon sink. The dense vegetation here stores vast amounts of carbon dioxide, thereby helping to mitigate the impacts of climate change.
As the international community becomes increasingly aware of the urgent need to reduce carbon emissions, the rainforest stands as a global asset. Guyana’s commitment to preserving this vital ecosystem has already positioned it as a leader in climate action.

The sale of carbon credits, generated by the capacity of the rainforest to sequester carbon, represents a unique economic opportunity for Guyana.
Guyana’s forests store approximately 19.5 gigatonnes of carbon and President, Dr. Irfaan Ali has said that the country should be paid more for its carbon credits. The price for a tonne of carbon trapped by the trees should be about US$70, instead of the current price of about US$7.

By participating in international carbon-credit markets, the country can receive more financial rewards for its ongoing efforts in rainforest conservation. This not only incentivizes the government and local communities to protect their natural heritage, but also highlights the potential for sustainable economic development.
However, what makes Guyana’s approach truly remarkable is its commitment to ensuring that the benefits from carbon-credit sales trickle down to indigenous communities that have been the stewards of these lands for generations. A significant portion of the revenues generated from carbon credits is being disbursed to communities after they would have submitted their development plans; this is in addition to other funds being injected into the communities to improve the livelihoods and well-being of these communities.
Guyana’s exemplary model demonstrates that environmental conservation and economic development need not be at odds. By harnessing the value of its rainforest through carbon-credit sales, the country is not only protecting its natural heritage but it is also setting a precedent for the rest of the world.

This holistic approach, where conservation efforts directly benefit the communities most affected by environmental changes, is a testament to the power of sustainable development.
In a world facing an escalating climate crisis and rapidly diminishing biodiversity, Guyana’s rainforest serves as a beacon of hope and inspiration. It showcases the potential for nations to preserve their natural treasures, combat climate change, and improve the lives of their indigenous populations simultaneously.

As the international community grapples with the dual challenges of environmental degradation and social inequality, Guyana’s commitment to its rainforest and its people provides a shining example of what can be achieved when sustainability and compassion drive policy decisions. Those examples will be further shared with stakeholders at COP 28.
Guyana undoubtedly showcases a sustainable model that other nations should emulate. In doing so, we can collectively strive to preserve our planet’s biodiversity and combat climate change, while ensuring the well-being of all its inhabitants.