- Published: 22 September 2011
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In the Guyana REDD+ Investment Fund (GRIF) Steering Committee Meeting of May 12, 2011, the need for an interim payment to secure continuation of the ongoing implementation of the system for monitoring, reporting and verification (MRV) of emissions and removals of carbon, was discussed. These activities, which are under the responsibility of Guyana Forestry Commission, are necessary in order for Guyana to meet its contractual obligation with Norway. The activities form part of the Low Carbon Development Strategy (LCDS) Institutional Strengthening Project.
The concept note for this project was approved at the May 12, 2011 GRIF Steering Committee meeting. The Monitoring, reporting and verification activities are ongoing activities and their funding cannot be delayed until the final approval of the Institutional Strengthening Project.
On this background, the Governments of Norway and Guyana announce the release of US$1,157,907 from the Norway-Guyana Agreement which represents interim funding for: (1) Remote Sensing and GIS – Assessing Forest Area Change and Building Capacity, and (2) Forest Carbon Stock Assessment and Change Monitoring. These funds will be used by the Guyana Forestry Commission to further develop an internationally compliant national system for monitoring, reporting and verification of emissions and removals of carbon in Guyana’s forests for 2011. These financial resources are part of the arrangements set out in the Memorandum of Understanding (MOU) and Joint Concept Note (JCN) between the Governments of Norway and Guyana.
The funds will be managed by Conservation International under its present agreements with the Governments of Norway and Guyana, by which the 2009-2010 activities were carried out.
The Partners reiterate their continued commitment to the processes being put in place under the institutional arrangements for management of the GRIF, including the work of the Steering Committee, the Trustee, and Partner and Implementing Entities.