TREES offers a carbon crediting pathway to support the country of Guyana to protect its forests while generating revenue for the priorities of Indigenous villages and for low-carbon development, creating a new financial model for countries with tropical forests around the world.
ART recently published a case study on Guyana’s jurisdictional REDD+ program. Highlights include:
- 18 million ha - 87% of Guyana - is covered by tropical forest, storing 21.8 billion tonnes of CO2e.
- In February 2024, ART issued 7.14 million 2021 TREES Credits to Guyana, and Guyana became the first government to report a corresponding adjustment to the UNFCCC for the associated emission reductions.
- This accomplishment builds on Guyana being the first country in the world to be issued TREES Credits by ART in December 2022 – 33.47 million verified credits for its work to actively protect its forests 2016-2020.
- The “High Forest, Low Deforestation” (HFLD) crediting approach allows Guyana to demonstrate the effectiveness of its jurisdictional REDD+ program and enables it to conserve its forests as development pressures increase.
- 15% of revenue from credit sales goes directly to Indigenous people and local communities for activities of their choice; 85% of revenue will be used for land titling for Indigenous villages, renewable energy, repairing canals, and protecting against climate change.
Download the case study below.
