Economic aid in lieu of Guyana's rainforests.

Last Updated: Saturday 04 July 2015 | 02:50:09 AM

Guyana, a nation with more than 75 per cent of forest cover, is seeking to capitalize on in the emerging market for carbon offsets for forest conservation. Recently it offered its rainforest as a giant carbon offset to the uk government in return for economic aid.

The assistance will be used to convert the South American nation to a "green" economy, said President Bharrat Jagdeo. "We are a country with the political will and a large tract of standing forest," Jagdeo said. "I'm not a mercenary, this is not blackmail and I realize there's no such thing as a free lunch." The uk government says it is considering Guyana's offer to secure the future of its forests in return for green technology and development aid.

Subscribe to Weekly Newsletter :
We are a voice to you; you have been a support to us. Together we build journalism that is independent, credible and fearless. You can further help us by making a donation. This will mean a lot for our ability to bring you news, perspectives and analysis from the ground so that we can make change together.

Comments are moderated and will be published only after the site moderator’s approval. Please use a genuine email ID and provide your name. Selected comments may also be used in the ‘Letters’ section of the Down To Earth print edition.