Guyana Oil Discovery: Blessing Or Curse?
NASSAU, The Bahamas – With the survival of CARICOM member states on the line in the face of a changing climate fuelled by greenhouse gas emissions, Guyana could have some tough decisions ahead, following the recent discovery of oil off its coast.
This is according to Dr Al Binger, interim executive director of the Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE), who suggested that the 1.4 billion-barrel discovery could perhaps not have come at a worse time.
This, as CARICOM and other Alliance of Small Island States (AOSIS) members press for keeping global temperature to 1.5 degrees Celsius above pre-industrial levels as provided for in the historic Paris Agreement.
“Limiting warming to below 1.5 degrees Celsius by 2100 requires a reduction of global greenhouse gas emissions by 70 to 95 per cent relative to 2010 levels by 2050 Read more
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