By Josiah Williams
Vice President Dr. Bharrat Jagdeo has reiterated the need for large-scale global incentives to combat deforestation and support forest preservation as a critical climate change mechanism.
Speaking at a recent panel discussion with former Norwegian Minister of Climate Change and Environment, Erik Solheim, Dr. Jagdeo emphasized that substantial resources must be allocated to prevent the loss of approximately 20,000 hectares of forest each year.
Dr. Jagdeo argued that the international community must move beyond debates and excuses to implement effective incentives for forest conservation.
He highlighted the successful examples of Guyana and other countries, which have demonstrated that forests play a vital role in mitigating climate change.
The Vice President pointed to Guyana’s agreements with Norway and the $750 million Hess deal as evidence that resources can be used responsibly to support both conservation efforts and indigenous communities without infringing on land rights.
Former Norwegian Minister Erik Solheim praised Guyana’s leadership in forest conservation and underscored the importance of political leadership and community involvement.
Solheim noted that engaging local populations and ensuring they benefit from forest protection are essential components of a successful conservation strategy.
Despite the progress made, Dr. Jagdeo criticized the UNFCCC for not fully recognizing forests as a major offset mechanism and reiterated his call for a competitive carbon credit pricing system.
He reflected on Guyana’s 15-year journey to establish a sustainable model for climate resilience through forest preservation and stressed the need for global recognition and support.