IN a bold and commendable move, Guyana’s President Dr. Irfaan Ali recently announced an increase in the percentage of carbon credit revenues allocated to Indigenous villages from 15% to 26.5%.
This decision, unveiled during the 2024 National Toshaos Council (NTC) Conference, marks a significant milestone in recognising and rewarding the critical role that Guyana’s Indigenous Peoples play as stewards of the forests.
For generations, Indigenous communities in Guyana have been the unsung guardians of the country’s lush, irreplaceable forests. Their traditional knowledge and sustainable practices have preserved one of the world’s most intact tropical rainforests.
In return for their stewardship, they have now been promised a greater share of the financial benefits derived from carbon credits, a system that monetises the crucial role forests play in sequestering carbon dioxide, and mitigating climate change.
The decision to boost the carbon credit payout from 15% to 26.5% is not just a financial adjustment, but a profound acknowledgment of the vital contributions of Indigenous communities.
By prioritising these funds, the government is not merely addressing financial disparities, but reinforcing a deep respect for the Indigenous Peoples’ role in forest conservation.

The Low-Carbon Development Strategy (LCDS) 2030, a hallmark of the People’s Progressive Party/Civic (PPP/C) government, has set a precedent for integrating environmental stewardship with economic benefits.
The agreement with Hess Corporation, which secures substantial financial returns from carbon credits, illustrates the alignment of national interests with global environmental goals. This initiative not only enhances Guyana’s position in the international carbon market, but also underscores a model for how developing nations can leverage their natural resources responsibly.

Moreover, the broader implications of this policy extend beyond mere financial compensation. By channeling carbon credit revenues into Indigenous villages, Guyana is fostering development that respects and integrates local knowledge and needs.
This funding supports over 800 transformative projects, from infrastructure to agriculture, reflecting a commitment to holistic and inclusive growth. These projects are not just symbolic, but transformative, driving real change in education, health, and economic opportunities within these communities.
The NTC Chairman, Derrick John aptly highlighted the significance of this funding in transforming ideas into reality. Historically, Indigenous leaders often faced barriers due to a lack of resources, but the current revenue influx is enabling them to bring their visions to life. John’s call for accountability and transparency in the utilisation of these funds is crucial. It ensures that the financial benefits translate into tangible improvements in community well-being and development.

However, while this financial increase is a substantial step forward, it is imperative to maintain momentum, and continue refining mechanisms for effective fund distribution and project implementation. The increased payout must be coupled with rigorous monitoring to ensure that the funds achieve their intended impact, and that projects are managed with integrity and inclusivity.
As Guyana continues to navigate the complexities of climate finance and sustainable development, this initiative stands as a model for integrating environmental and social justice. The world would do well to observe and learn from Guyana’s progressive approach to valuing and empowering its Indigenous custodians.