Following a visit to the UK by President Jagdeo earlier this year, DFID committed £100,000 towards work by Guyana to develop a low-carbon investment prospectus and implementation plan. This includes an assessment of the cost of conserving Guyana’s rainforests. Guyana has also secured funding under the World Bank’s Forest Carbon Partnership Fund, to which the UK has contributed £15 million, to prepare a Reduced Emissions from Deforestation and Degradation Readiness Plan. Guyana is included in the Caribbean Regional Stern Review on the Economics of Climate Change. In addition, we have undertaken to discuss with Guyana the results of the Eliasch Review into climate change and the financing of forests.
DFID officials will meet this month with Guyanese counterparts to discuss the creation of incentives to avoid deforestation.