Tuesday, 18 June 2013
To ensure higher level of service… $158.4M Polic... » COMMANDER-in-Chief of the Armed Forces, President ...
FAO recognises Guyana for meeting anti-hunger targ... » GUYANA is among 18 countries recognised at a speci...
State-of-the-art forensic lab to open soon - Rohee... » CONTRACTORS have requested one more week to finish...
Pomeroon farmers to export coconut water to Trinid... » COUNCILLOR of the Region 2 Regional Democratic Cou...
‘Terrorist’ Colin Jones convicted of Health M... » COLIN Jones, charged with the 2009 burning of the ...
Alleged woman beating… No place for rogue cops i... » THE Ministry of Home Affairs said, yesterday, that...
President Ramotar urges emulation of Enmore Martyr... » PRESIDENT Donald Ramotar yesterday called upon tho...
|Guyana to soon receive US$40M from Norway|
|Wednesday, 20 June 2012 22:26|
- US$60M more later this year
PRIME Minister of Norway, Mr. Jens Stoltenberg has reaffirmed the country’s support for the implementation of Guyana’s Low Carbon Development Strategy (LCDS) which continues to be hailed as a model for sustainable development.
Mr. Stoltenberg gave this assurance to President Donald Ramotar in Brazil yesterday where many countries’ leaders and climate change experts have gathered for the Rio+20 summit in Rio de Janeiro.
The Norwegian Prime Minister expressed satisfaction with the work of the LCDS and indicated that Guyana will soon receive another US$40M and later this year, US$60M.
Guyana, in partnership with Norway, which is located in Northern Europe, has been implementing an Interim REDD+ arrangement through which the country has already earned about US$70M in performance-based payments from avoided deforestation and under which the country can earn up to US$250M by 2015.
During a side meeting organised by The Energy and Resources Institute (TERI) of India in association with the German Federal Environment Agency (UBA) and Institute for Global Environmental Strategies (IGES), Japan, on Tuesday, President Ramotar explained that the financing his country is garnering, is being utilised to execute projects that will allow the country to meet ‘almost its entire domestic energy needs through clean energy; support the diversification of the national and local economy and thereby reduce pressures on our forests, and to implement measures to adapt to climate change’.
During the meeting yesterday, President Ramotar also expressed condolence to Norway’s Prime Minister for the recent tragedies the country has faced.
In July last, a Norwegian national went on a shooting and bombing rampage that claimed the lives of 77 people, most of whom were youths on an island at a summer camp.
Guyana and Norway on November 18, 2009 signed the historic Memorandum of Understanding (MoU), symbolically at Fairview village, Region 9 to protect Guyana’s tropical forests.
The MoU is a declaration of the two countries’ determination to work together to provide the world with a working example of how partnerships between developed and developing countries can save the world’s tropical forests.
The partnership is part of the Norwegian Government’s International Climate and Forest Initiative that was first launched in December 2007 during the climate change negotiations at Bali.
|Last Updated on Wednesday, 20 June 2012 22:30|
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