Tuesday, January 8, 2008

Guyana still open to carbon credits forest deal with UK-President

http://www.stabroeknews.com/index.pl/article?id=56536358

Guyana still open to carbon credits forest deal with UK
-President
SN, Monday, January 7th 2008

President Bharrat Jagdeo says it is important for Guyana to either
enter into a bilateral agreement or be a part of a market-based carbon
trading regime so that it could raise the resources necessary for the
fight against climate change.

He said that Guyana is still negotiating bilateral arrangements with
the United Kingdom and expressed the hope that the country is able to
benefit from this until a post-Kyoto arrangement is finalised.

Speaking at a press conference held at State House on Saturday, the
President re-emphasised Guyana's vulnerability to the challenges of
climate change and its need for assistance for the necessary mitigation
and adaptation efforts.

During the Commonwealth Finance Ministers Meeting in October President
Bharrat Jagdeo said Guyana was willing to deploy almost its entire
forest in the service of the battle against climate change and this
drew the ire of some and caused anxiety to others. The Ministry of
Agriculture, in offering clarification, said that under this offer not
a single hectare of forest will be sold and forestry and mining
activities will continue in a sustainable manner.

"We have seen the impact of climate change in terms of adverse weather
patterns. We can't support mitigation and adaptation from our
treasury," the President said. He noted that the present process for
accessing funds for mitigation and adaptation is a laborious one. "We
have expectations that the 2012 post-Kyoto Protocol will provide an
established approach," he noted.

"We are saying that tropical deforestation is the major cause of
climate change. We hope for a market based mechanism [post-Kyoto]," he
said.

"I am not very happy with what came out of BaliĆ¢€¦[the United States]
needed to make deeper cuts to greenhouse emissions," Jagdeo said. He
was alluding to the fact that the United States wasn't comfortable with
the level of cuts that the conference was recommending and had put
forward their own levels leading to a compromise being reached. The
contretemps between the US and other nations caused the conference to
drag on for at least one extra day.

Turning to the Government's stewardship of the forests, Jagdeo said:
"We have a very strict system to effectively monitor what happens. We
are also looking at higher recovery rates [from logs harvested]."
Jagdeo also stated that more will be done to monitor mining and ensure
that miners don't cause damage to the environment through their
activities.

Minister of Agriculture Robert Persaud speaking in Bali in December,
said Guyana will continue to deal with climate change including its
forest management which is based on the principles of sustainable
development. He said that this takes into account sustainable use and
conservation which is evident in the work of the Iwokrama Rainforest
Conservation and Development Programme.

Guyana and other rainforest countries have been lobbying for adequate
compensation for standing forests and a market-based mechanism to be
put in place as discussions are ongoing on a post 2012 Kyoto Protocol.
The Adaptation Fund, Development and Transfer of Technologies and
Capacity Building were also discussed.

According to the Ministry of Agriculture, Guyana's primary positions
put forward at the Conference were incentives for standing forests, the
need for more support for adaptation measures and support with access
to technology.

During the Bali summit Guyana had expressed an interest in the Forest
Carbon Partnership Facility (FCPF) launched to combat tropical
deforestation and climate change. According to the World Bank, the FCPF
is expected to build the capacity of developing countries in the
tropical and sub-tropical regions to reduce emissions from
deforestation and degradation (REDD) and tap into a future system of
positive incentives for REDD. Additionally, the facility aims to
support countries and the REDD strategy with a commitment to ensure
consultations with indigenous people, forest dwellers and other
stakeholders at the national level. It is envisaged that FCPF's
resources can be used in a new climate change regime negotiated after
2012, when the first commitment period of the Kyoto Protocol ends.
(Johann Earle)

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