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Meridian Institute

Guyana REDD+ Investment Fund Assessment

External Project Site: www.guyanareddfund.org/
Related: Climate Change, Environment and Natural Resources

Photo credit: Roup Hardowar

In June 2011, the Norwegian International Climate and Forest Initiative asked Meridian Institute to assess the challenges associated with the Guyana REDD+ Investment Fund (GRIF) and to explore whether and how Meridian could help the parties find a way to move forward in a manner that works for them all. REDD+ refers to Reducing Emissions from Deforestation and Forest Degradation, including the conservation and sustainable management of forests as well as the enhancement of forest carbon stocks.


The GRIF, which was established in 2010, is the financial mechanism for the ongoing cooperation on climate change between Guyana and Norway. Using the GRIF mechanism, Norway will pay for Guyana’s performance in limiting greenhouse gas emissions from deforestation and forest degradation, and for progress made against governance-related indicators. Guyana will invest the payments it receives, and any income earned on them, in its Low-Carbon Development Strategy (LCDS).


Meridian’s assessment included several recommendations for how to help the parties move forward with decision-making on the projects that were under consideration for GRIF funding.


In July 2011, a second phase aimed at facilitating progress on each of the six GRIF projects began, and continues. As of November 2011, two projects had successfully gone through the GRIF Steering Committee approval process: the LCDS Institutional Strengthening project document and the Micro & Small Enterprise Development Fund concept note. The process to approve the Amaila Falls Hydro Project, Amerindian Land Titling, and Amerindian Development Fund projects will continue to unfold through early 2012.


In addition providing facilitation services as needed, Meridian Institute – effective March 1, 2012 – began serving as the interim Secretariat for the GRIF for a brief period until the government of Guyana and the government of Norway identify a suitable entity or individual to fill this position on a more permanent basis. Meridian’s role as interim Secretariat is to perform the administrative duties that will ensure the smooth, effective, and timely functioning of the GRIF Steering Committee and other GRIF processes. Specifically, Meridian will disseminate to the public information regarding the GRIF; provide opportunity for comment by observers on projects that are proposed to be funded under the GRIF; and maintain a record of all GRIF Steering Committee decisions.


To learn more about the GRIF, visit the project's external site at http://www.guyanareddfund.org/

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