CaribWorldNews, NEW YORK, NY, Thurs. May 14, 2009: Guyana President Bharrat Jagdeo on Wednesday, used a UN forum on sustainable development to support calls to reduce net global deforestation by 50 percent by 2020.
Jagdeo pledged his country`s commitment to the call and asserted that the Copenhagen forum must create financing flows and technology transfer to facilitate the considerable abatement potential of the developing world to be part of the solution.
He warned that if that fails to create the incentives to address deforestation, the cost of inaction will dwarf the investments that are required to solve this aspect of the climate change problem.
The Guyanese leader, the only Head of State invited to address the 17th Session of the United Nations Commission on Sustainable Development in New York, told the gathering that Guyana, through its `Avoided Deforestation` initiative, `aims to provide the world with a model of how this could be realized in a sustainable manner.
He explained that Guyana is currently working with Norway and others to `trial innovative ways for the developed and developing world to work together as equals to solve the climate change problem.`
Highlighting the need for an agreement to address climate change in Copenhagen, Denmark in December, President Jagdeo emphasized that if that agreement fails to create the financial incentives to address deforestation, the cost of inaction will eclipse the investments that are necessary to solve the deforestation problem.