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Friday, 29 April 2011 18:30 |
 The Guyana REDD+ Investment Fund (GRIF) is a multi-contributor trust fund for the financing of activities identified under the Government of Guyana’s Low Carbon Development Strategy (LCDS). Pending the creation of an international REDD+ mechanism, the GRIF represents an effort to create an innovative climate finance mechanism which balances national sovereignty over investment priorities while ensuring that REDD+ funds adhere to the highest internationally recognized standards for financial, environmental and social safeguards. The GRIF was established in October 2010, with the World Bank as Trustee, following an agreement signed between Guyana and Norway in November 2009, in which Norway agreed to provide Guyana up to US$250 million by 2015 in performance-based payments for avoided deforestation in support of Guyana's LCDS. |
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Interim Funding for a National System for Monitoring, Reporting and Verification for 2011 |
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Thursday, 22 September 2011 13:42 |
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In the Guyana REDD+ Investment Fund (GRIF) Steering Committee Meeting of May 12, 2011, the need for an interim payment to secure continuation of the ongoing implementation of the system for monitoring, reporting and verification (MRV) of emissions and removals of carbon, was discussed. These activities, which are under the responsibility of Guyana Forestry Commission, are necessary in order for Guyana to meet its contractual obligation with Norway. The activities form part of the Low Carbon Development Strategy (LCDS) Institutional Strengthening Project.
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