Overall Objective
GGGI’s objective in Guyana is to provide technical support to the Government, development partners and private sector towards achieving sustainable, climate resilient and low carbon growth for Guyana.
GGGI supports the Government of Guyana in the development and implementation of their Low Carbon Development Strategy (LCDS) 2030, which aims to develop Guyana’s economy on a sustainable and low carbon path by leveraging the economic opportunities that Guyana’s forest and its ecosystem services can provide.
Resource Partner
GGGI core funding
Green Climate Fund (GCF)
Norad
Implementation Partner
GRIF Secretariat
UNDP
FAO
Government Counterpart
Department of Environment and Climate Change (DECC)
Office of the President (OP)
Guyana Energy Agency (GEA)
Guyana Power & Light (GPL)
Hinterland Electrification Company Inc. (HECI)
Context
Guyana is the only English speaking country located along the north coast of South America. For this reason, as well as being one of the four founding members of the Caribbean Community and Common Market (CARICOM), the country is often considered part of the Caribbean. The country’s economy is heavily dependent on its natural resources: forests, minerals, arable land and, since 2020, oil and gas production. The coast is below the mean sea level, which, when combined with the increasing effects of climate change especially rising sea levels, unpredictable heavy rainfall events and sinking lands, makes the country vulnerable to climate change. This is further exacerbated as more than 90% of the population resides along the coast, and most economic activities occur there.
The main contributors to Green House Gas (GHG) emissions are the energy and agriculture sectors. In the energy sector, 97% of the electricity demand is generated with Heavy Fuel Oil and Diesel and the total energy demanded by the transport sector is provided by fossil fuels. Agriculture is the second-largest GHG emitter, with current emissions generated mainly from rice production and livestock. Guyana is currently scaling up its Oil and Gas operations, and it is estimated that by 2025, the oil and gas platforms could double the current GHG emissions.
In contrast, Guyana is a carbon sink and is identified as a High Forest and Low Deforestation (HFLD) country with a forest cover of 85% and an average annual deforestation rate of 0.06% over the last 10 years.
Guyana is one of the founding members of GGGI since its formation in 2012. Since 2018, GGGI has been present in Guyana and has become a trusted advisor within the energy sector. GGGI has supported the mobilization of US$ 32 million of investment for solar PV projects to date, which has reduced emissions of 0.44 million tonCO2e and generated 991 full-time Job-year. GGGI has developed Guyana’s energy transition policy which is included in the draft Low Carbon Development Strategy Extended(LCDS). The plan’s implementation outlined in the policy would save approximately 50 million tonCO2e and generate 26,800 Job-year. Since 2021, GGGI has expanded its support areas to include Forestry and Agriculture.
News
News • June 20, 2022
Developing MRV and GHG Inventory Capacity in Guyana
Guyana – Friday, Jun 17, 2022. The Global Green Growth Institute (GGGI) continues its support to the Government of Guyana by providing capacity building on Measurement Reporting and Verification (MRV) systems and the National Greenhouse Gas Inventory under the Green Climate Fund (GCF) Readiness Project: “Development of Guyana’s National Climate Finance Strategy, MRV System and […]
News • May 16, 2022
GGGI supports Guyana in developing a National MRV System
Guyana – The Global Green Growth Institute (GGGI), an international, intergovernmental organization, is working closely with the Government of Guyana and project partners to promote sustainable and low carbon development. On April 28th, 2022, a stakeholder briefing for the Green Climate Fund (GCF) Readiness Project: “Development of Guyana’s National Climate Finance Strategy, MRV System and […]
News • March 8, 2018
The Government of Guyana, the Private Sector Commission and GGGI meet to discuss business opportunities for Solar PV in Guyana
Georgetown, Guyana – Thursday, 8 March 2018 – The Government of Guyana, a founding member of the Global Green Growth Institute (GGGI) through its Focal Point Office, the Department of Environment (DOE) along with the Guyana Energy Agency (GEA) and the Private Sector Commission, in partnership with GGGI hosted a half-day workshop today. The workshop […]
Projects
GY05
Thematic Areas
Countries
GY05 Monitoring, Reporting and Management Support for Guyana-Norway Partnership portofolio
| Start Date | Q3 2021 |
|---|---|
| Funding Source | |
| Actual Budget (USD) | 1,168,923 |
| Status | Active |
| Thematic Area |
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GY06
Thematic Areas
Countries
GY06 Development of Guyana’s National Climate Finance Strategy, MRV System and Project Pipeline to Support NDC Implementation
| Start Date | Q4 29 December 2020 |
|---|---|
| Funding Source | |
| Actual Budget (USD) | 692,950 |
| Status | Active |
| Thematic Area |
|
Thematic Areas
Countries
Project Reference Profiles – Guyana(GY02) Enhancing Guyana’s Access to GCF to Transition to Renewable Energy
| Start Date | Q1 Feb 26 2019 |
|---|---|
| Funding Source | |
| Actual Budget (USD) | 289,003 |
| Status | Active |
| Thematic Area |
|
Thematic Areas
Countries
Project Reference Profiles – Guyana(GY04) Guyana NDC progress and MRV
| Start Date | Q1 Sept 3 2019 |
|---|---|
| Funding Source | |
| Actual Budget (USD) | 35,056 |
| Status | Active |
| Thematic Area |
|