THE Government of Guyana has been actively participating in critical negotiations at the 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change (UNFCCC), while also receiving international recognition for its global leadership in climate action.

Held in Baku, Azerbaijan, from November 11 to 22, 2024, the conference has so far seen several events which highlighted Guyana’s contributions to advancing practical climate solutions, a press release from the Natural Resources Ministry noted.

Guyana was honoured with the Transparency Award at the Biennial Transparency Report (BTR) event. The award, presented by Executive Secretary, Simon Stiell, of the UNFCCC, recognised Guyana’s commitment to transparent climate reporting, the release noted.
As one of the first countries globally to undergo an in-country review of its BTR, Guyana has set a global precedent for enhancing the quality and transparency of climate data.

According to the release, Senior Director of Climate and Reducing Emissions from Deforestation and forest Degradation (REDD+) at the Ministry of Natural Resources, Pradeepa Bholanath, accepted the award on behalf of the country.

Co-chairmanship of FCLP
Building on its previous role as chair of the Carbon Markets Working Group, Guyana has now assumed the position of co-chair of the Forest and Climate Leaders’ Partnership (FCLP), alongside the United Kingdom. The FCLP was established at COP26 in Glasgow after over 100 global leaders committed to ambitious action to halt and reverse forest loss and land degradation by 2030.

This partnership, now comprising over 30 countries, aims to advance practical solutions, integrating forest conservation with sustainable development.
At the event announcing the new co-chairs, it was highlighted that Guyana had received US$227 million in results-based payments from the Guyana-Norway Agreement and US$237.5 million to date from its groundbreaking agreement with Hess Corporation for the sale of Architecture for REDD+ Transactions (ART-TREES) credits.

This represents one of the largest flows of forest carbon finance globally and served as a focal point for discussions among attendees.
Providing remarks, Minister of Natural Resources, Vickram Bharrat, said, “The Government of Guyana is pleased to join the United Kingdom as co-chairs of the Forest and Climate Leaders’ Partnership.

The coming year will be vital for global efforts on forests, with Brazil’s hosting of the next COP bringing much-needed focus to this priority. The good news is that forest countries and communities are not lacking in ambition—what they need is to be able to access practical pathways to realise that ambition. Countries in the FCLP, as well as others, are already advancing a menu of solutions, so we must create the opportunity in the coming year to go further and faster.”

He added, “We know from experience that results-based payments and carbon credits can combine action on forests with sustainable development and ambitious climate action. We know how this can be scaled. So now is not the time for endless theoretical debates on obscure matters. It is time for measurable, accountable action. The Forest Climate Leaders Partnership has set itself ambitious objectives and a credible roadmap for action.

“If their members, and other countries working alongside them, manage to achieve these objectives, it could result in the single biggest contribution to averting catastrophic climate change between now and 2030. This could literally be the difference between success and failure in meeting the goals of the Paris Climate Agreement.”

Meanwhile, Bholanath, along with the Deputy of the National Toshaos Council, Sonia Latchman, shared Guyana’s experiences, emphasising the importance of indigenous peoples and local communities in forest conservation and climate solutions.

Participation in key climate negotiations
Guyana has actively participated in the ongoing negotiations on critical elements of the Paris Agreement, including Article 6, REDD+, climate finance, and adaptation.
These negotiations aim to finalise frameworks that enable countries to implement effective market and non-market mechanisms, access finance for forest conservation, and enhance resilience to climate change impacts. Guyana continues to advocate for practical, results-based approaches that integrate ambitious climate action with sustainable development.

The Low Carbon Development Strategy (LCDS) 2030, Stakeholder Engagement Coordinator, Vanessa Benn, participated in an event hosted by Commonwealth Secretary-General, Patricia Scotland, where Guyana’s pioneering experience with carbon markets was included in a Commonwealth publication aimed at helping member states access climate finance.

During the event, the Commonwealth Finance Hub, an initiative launched by former President, Dr. Bharrat Jagdeo, was highlighted by the Secretary-General. This initiative has now enabled Commonwealth developing countries to access hundreds of millions of dollars in climate finance, significantly advancing their climate and development goals.

Commentary from international leaders
The UK’s Secretary of State for Energy Security and Net-Zero, Ed Miliband, praised Guyana’s proactive approach to climate action and its leadership within the FCLP.
He highlighted Guyana’s LCDS 2030 as a model for other nations. President Nana Akufo-Addo of Ghana, the outgoing chair of the FCLP, also commended Guyana’s dedication to sustainable forest management and its significant contributions to global climate initiatives.