Guyana receives over 9M high-integrity TREES carbon credits for 2023

…strengthens climate leadership for environmental integrity, transparency, accountability – OP

The Government of Guyana has announced the issuance of 9,085,923 TREES carbon credits for the year 2023 by the Architecture for REDD+ Transactions (ART), marking the third consecutive year since 2021 that the country has received such credits. The credits have been labelled as CORSIA-Eligible, confirming that they meet the requirements of the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). This designation signals compliance with internationally recognised standards for environmental integrity, transparency and accountability. According to a statement from the Office of the President, the issuance reflects sustained efforts by the Government and forest-dependent communities to achieve verifiable emissions reductions through forest management, national monitoring systems and policy consistency under Guyana’s low-carbon framework. The Government stated that the issuance validates Guyana’s long-term approach to forest conservation and provides confidence to international carbon markets. It also highlighted the importance of valuing forests through sustainable management rather than deforestation. Guyana’s forests cover more than 85 per cent of the country’s land area. Since the launch of the Low Carbon Development Strategy (LCDS) in 2009, the country has invested in forest governance, national Measurement, Reporting and Verification (MRV) systems, Indigenous land titling and benefit-sharing mechanisms. These measures are designed to ensure that forest communities directly benefit from climate finance. The 2023 issuance builds on previous years and reflects continued progress in these systems. The CORSIA label confirms that Guyana’s TREES credits are eligible for use by international aviation and other buyers seeking jurisdictional-scale emissions reductions that meet compliance-oriented standards.
The Government noted that the issuance also demonstrates the role of jurisdictional REDD+ approaches in global carbon markets, showing that Government-led programmes supported by national policies and transparent data can deliver measurable climate outcomes. For Guyana, the credits support access to results-based finance for national priorities, including climate-resilient infrastructure, Indigenous development, forest conservation and biodiversity protection. The Government reiterated its commitment to strengthening environmental and social safeguards and to working with international partners to ensure that forest conservation continues to benefit the Guyanese people while contributing to global climate mitigation efforts.