ART TREES Guyana (Jurisdictional REDD+)
Guyana holds 18 million hectares of tropical forest, 87% of its land area, storing an estimated 21.8 billion tonnes of CO2e. In December 2022 it became the first jurisdiction anywhere to receive TREES credits from the Architecture for REDD+ Transactions.
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Inside the project
A second issuance followed in February 2024 for 2021 results. Guyana's government frames the credits as recognition of its 'High Forest, Low Deforestation' status; independent verification was carried out by Aster Global Environmental Services.
By the government's own account, 15% of proceeds go directly to Indigenous communities for activities of their choosing, with the remaining 85% funding land titling, renewable energy, canal repair and climate adaptation.
Objectives
- Credit national forest results under the ART TREES standard
- Direct 15% of proceeds to Indigenous communities
Approach
- Jurisdictional REDD+ crediting under the ART TREES standard, independently verified by Aster Global Environmental Services.
Sources
Inspect 3 sources
- artredd.org ↗https://www.artredd.org/using-carbon-markets-to-protect-forests-at-risk-a-case-study-of-jurisdictional-redd-in-guyana/
- lcds.gov.gy ↗https://lcds.gov.gy/
- winrock.org ↗https://winrock.org/art-issues-worlds-first-jurisdictional-forestry-carbon-credits-to-guyana/
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