The LCDS logo at the entrance to the GuyExpo 2009 exhibition site. | |
He assured that the investment fund likely from putting Guyana’s forests in the service of the global climate change cause will be under the full oversight of the National Assembly with monitoring by an international financial institution, most likely the World Bank.
All funds will be audited and an annual report will transparently lay out for all to see how the REDD (Reduced Emissions from Degradation and Deforestation) fund is being invested, President Jagdeo stated.
SO what does this say about current funds? Anyway, it should be told how's the entrepreneurs and staff would be compensated from seizing their operations in the Forests. what industries or govt unemployment benefits are in place to absorb the loss both directly and indirectly of employment from mining, logging etc. How much would it cost, and how effective it is, to monitor the forest? what if it is difficult to monitor and funding is witheld ...what would be the consequences to the guyanese economy? what will we build with, imported cement and wood products from the carbon producing, well industrialised wealthy countries? Sounds like someone who drives $10 gas to save $1 on detergent.
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