–throw support behind LCDS 2030

TOSHAOS from across the country on Friday opted to access the carbon-credits initiative, which will see them receiving crucial funds to advance development, and also unanimously supported the Low Carbon Development Strategy 2030 (LCDS 2030) with the passage of a resolution.
This took place during the 2024 National Toshaos Council (NTC) Conference held at the Arthur Chung Conference Centre (ACCC).

Among the toshaos who opted for the carbon-credits initiative was Romario Hastings of Kako village, while the unanimous endorsement of the LCDS 2030 underscored their commitment to the nation’s climate goals and the preservation of its vast forests.
Guyana has solidified its role as a significant player in the global carbon-credit market, with particular emphasis on the benefits it provides to Amerindian communities.
The country’s first carbon credits, issued by the Architecture for REDD+ Transactions (ART), garnered USD 33.4 million for the period from 2016 to 2020.

This is a part of Guyana’s broader strategy under the REDD+ framework—Reducing Emissions from Deforestation and Forest Degradation—aimed at conserving forests and combating climate change.
The LCDS 2030, a cornerstone of Guyana’s environmental policy, pledges that 15 per cent of all forest-related revenues will be directed to Amerindian villages as investments in their development.

However, although Guyana earned less from carbon credits in 2024 compared to the previous year—where USD 22.5 million was distributed among 242 villages—the government has responded by increasing the payout percentage.
On Monday, while addressing the opening of the NTC, President, Dr. Irfaan Ali said that this year Amerindian villages will receive 26.5 per cent of the USD 87.5 million in earnings, totalling USD 23.2 million or approximately GYD 4.84 billion. This decision ensures that the villages benefit equitably, despite fluctuations in overall earnings.

These funds are earmarked for sustainable development projects that will enhance the livelihoods of Amerindian communities, ensuring that they reap the rewards of preserving their ancestral lands.
The increased financial support is seen as a crucial step in reinforcing the government’s commitment to these communities.