In August 2014, after a series of articles in the Guyanese media about Chinese company Bai Shan Lin’s logging operations, a Guyanese PhD student wrote to the Norwegian government with a simple question: Is the Low Carbon Development Strategy just a sham?
On 8 May 2015, the Government of Guyana put out a press release announcing that Norway had agreed a further US$40 million “for maintaining low deforestation rates and improving forest governance”.
Norway has transferred US$80 million to the Inter-American Development Bank as part of the Norway-Guyana US$250 million REDD deal. Perhaps surprisingly, if Guyana spends the money it will involve the destruction of a large area of rainforest.
A paper published this week in Nature concludes that the Amazon is losing its capacity to absorb carbon. In the past decade, the carbon absorbed by the Amazon each year has decreased by about one-third.