Guyana's carbon credit boom funds forests and Indigenous communities alike

Guyana has become a global leader in forest conservation through its carbon credit programme. Since 2022, the country has earned US$353 million from selling carbon credits. This success demonstrates how protecting forests can create long-term economic and environmental benefits. In 2022, Guyana made history as the first nation to earn forest carbon credits under the ART-TREES standard at a national level. Its forests hold an estimated 19.5 gigatons of CO2e, making them a critical asset in the fight against climate change. A major deal with Hess Corporation, signed that year, guarantees at least US$750 million in carbon credit payments between 2022 and 2032.

The revenue supports a wide range of initiatives. Under the Low Carbon Development Strategy (LCDS) 2030, at least 15% of earnings go directly to Indigenous peoples and local communities. So far, over GYD 9 billion has been distributed to these groups. The funds also finance climate adaptation, clean energy projects, environmental protection, and community development.

Nearly 3,000 projects in Indigenous communities have already received funding through the programme. The system ensures that forest conservation translates into tangible benefits for local populations. Guyana’s approach proves that strong standards and clear market rules can turn forest protection into a reliable source of income. The country’s model shows how carbon finance can support both climate goals and local development. With continued revenue and structured distribution, the programme is set to expand its impact in the coming years.