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Climate change aid bitter-sweet for Guyana says president
Caribbean Net News | 1 August 2008

GUYANA: Guyana’s President Bharrat Jagdeo says he is pleased that Guyana is among 14 countries selected for financial aid for combating tropical deforestation and climate change from an initial US$82 million partnership. Guyana will receive the funding from the Forest Carbon Partnership Facility (FCPF), which is aimed at reducing deforestation and forest degradation by compensating developing countries for greenhouse gas emission reductions. However, the Guyanese leader expresses dissatisfaction with the mechanism through which these payments will be effected.

“I’m arguing that it should change. It’s a clean development mechanism and I’m arguing that this should be changed to a market-based mechanism especially to trade carbon and carbon dioxide from forest, that is, sequestered through tropical rain forests.” — Bharrat Jagdeo, President of Guyana

He argued that the forests produce the same type of service to the rest of the world and he did not understand why they should be treated any differently.

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