Bamboo Gaining Traction In Caribbean As Climate Savior
KINGSTON, Jamaica – Keen to tap its natural resources as a way to boost its struggling economy, Guyana struck a multi-million-dollar deal with Norway in 2009.
Under the deal, Norway agreed to pay up to 250 million dollars over five years, if Guyana, a Caribbean Community (CARICOM) country in South America, maintained a low deforestation rate.
It was the first time a developed country, conscious of its own carbon-dioxide emissions, had paid a developing country to keep its trees in the ground.
The initiative was developed by the United Nations and called REDD+ (for Reducing Emissions from Deforestation and Forest Degradation plus conservation).
The main aim was to allow for carbon sequestration – the process involved in carbon capture and the long-term storage of atmospheric carbon dioxide.
Trees are thirsty for the potent greenhouse gas carbon dioxide, soaking it up during photosynthesis and storing it in their roots, branches and leaves Read more
Candidates in this article: