Country:Guyana
Year:2010
Policy status:In Force
Jurisdiction:National
Date Effective:2010
Policy Type:Policy Support>Strategic planning
Policy Target:Multiple RE Sources>Power
Policy Sector:
Agency:Guyana REDD and GRIF
URL:http://www.guyanareddfund.org
Funding:Norway, USD 250 million
Description:

A specialized fund, the Guyana REDD+ Investment Fund (GRIF) was created in 2010 following a 2009 Memorandum of Understanding between the Governments of Guyana and Norway as a means to channel international financing for avoided deforestation. The World Bank acts as the GRIF trustee, and as of 2014 it had received USD 150 million in payments from Norway. The fund has been used to deploy renewable energy projects.

Related policies:The Low Carbon Development Strategy (LCDS)

Last modified: Tue, 07 Feb 2017 18:19:35 CET