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Guyana approves $148 million for Indigenous communities and climate resilience

In a significant development, the National Assembly of Guyana has given the green light to a $148 million supplementary funding package. The funds are earmarked for direct disbursements to Guyana's Indigenous communities and climate adaptation measures. Out of the allocated amount, $22.4 million will be directly distributed among 242 Indigenous communities nationwide, while $126.5 million is dedicated to climate adaptation initiatives. 

Guyana approves $148 million for Indigenous communities and climate_ Kaieteur Falls in Guyana_visual 1Kaieteur Falls, Guyana, South America. 

The Supplementary Appropriation Bill, presented by Senior Finance Minister Dr Ashni Singh, allocated the funds from carbon credit revenues (generated through Guyana's carbon credits deal with the Hess Corporation) to two vital priorities under the Low Carbon Development Strategy (LCDS).

Priority One focuses on empowering villages through investments, where 15% of the revenues are dedicated to bottom-up investments based on community plans outlined in village sustainability plans. The goal is to enhance social, economic, and environmental wellbeing through infrastructure development, education, healthcare initiatives, entrepreneurship support, and cultural preservation.

Read more: Tanzania attracts $20 billion investment in carbon offset credits

Priority Two emphasises climate adaptation, considering Guyana's vulnerability to climate change impacts due to its coastal areas and diverse ecosystems. The $126.5 million will be invested in comprehensive climate adaptation measures, including constructing major canals, sluice rehabilitation, and procuring pumps and excavators across multiple regions.

This historic funding allocation represents a significant step towards empowering communities and building climate resilience in Guyana, safeguarding its people, infrastructure, and natural resources.

Read more: Reforestation: 10 amazing benefits of planting trees

At DGB Group, we believe in the power of nature-based solutions as the most effective way to protect and rejuvenate our precious natural environment. Our primary focus centres on creating and managing large-scale initiatives dedicated to reforestation and afforestation and restoring biodiversity and degraded lands. 

We are also committed to empowering local communities through sustainable development practices and providing access to energy-efficient cookstoves. With our diverse range of solutions, businesses, investors, and individuals can play an active role in preserving nature in a simple and transparent manner. Together, we can make a positive impact on the planet and ensure a sustainable future for generations to come.

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