Guyana and Suriname Might Be Able to Balance Oil Revenues and Climate Goals

Suriname’s President Chan Santokhi speaks during the COP26 Climate Change Conference in Glasgow, Scotland, Nov. 2, 2021 (photo by Adrian Dennis via AP).
Suriname’s President Chan Santokhi speaks during the COP26 Climate Change Conference in Glasgow, Scotland, Nov. 2, 2021 (photo by Adrian Dennis via AP).
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Suriname and Guyana find themselves at the forefront of a dilemma for developing countries endowed with hydrocarbon resources, one that will only become more challenging as the climate crisis worsens: how to balance their development needs with their climate commitments. Fortunately, both countries might be able to achieve the seemingly mutually exclusive goals of alleviating poverty while respecting their commitments under the Paris Climate Agreement. The key lies in their forests. Both Suriname and Guyana are desperately poor, with poverty levels at 47 percent and 36 percent respectively. Both are also in the early stages of developing what appear to be […]

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