Director General of Iwokrama Dr David Singh says that the new World Bank
initiative to help countries protect forests is relevant to Guyana since it will
support not only avoided deforestation, but also avoided degradation.
"The latter is far more relevant to Guyana with the nature of its forests and
the type of activities within the forests found here," Dr Singh said.
The World Bank is working to develop the new fund that would pay developing
countries hundreds of millions of dollars for protecting and replanting tropical
forests which store huge amounts of carbon and thereby fights climate change.
The fund is called the Forest Carbon Partnership facility and is part of the UN
climate change negotiations in Bali in December.
The facility will provide financial incentives to reduce greenhouse gas
emissions from deforestation unlike the Kyoto Protocol which offers credits for
replanting destroyed ...