Vice President of Guyana, Bharatt Jagdeo, has announced the government’s plan to address climate financing and forest incentives on a national scale.
His declaration follows the outcome of the 28th Conference of Parties (COP28) held in Dubai, United Arab Emirates, where crucial environmental concerns went unaddressed, according to Jagdeo.
COP28’s missed opportunities
During a recent press conference, Vice President Jagdeo expressed his disappointment at COP28’s inability to take decisive action on critical issues.
He particularly emphasized the inadequate progress on Article Six of the Paris Agreement, a section dedicated to establishing a compliant carbon market.
The failure to gain substantial traction at the summit signifies a significant setback, hindering countries from reaping financial rewards for safeguarding their precious forests.
He shared that the government will do its part to create a framework aimed at ushering in incentives for adaptation and facilitating climate financing.
