Despite Guyana’s determination to convert to renewables, the World Bank has found that there have been various setbacks which make it highly improbable that the country would achieve same. The bank, in a loan agreement seen by this news agency specifically noted that it is ulikely Guyana would even reach its Nationally Determined Contribution (NDC)of 23 of 100 percent renewable energy use by 2025.
It was further highlighted that Guyana’s Green State Development Strategy in the meantime, already puts forth a less ambitious goal than what is stated in the NDC, namely to have 63 percent renewable-based generation capacity by 2035.
The Guyana Standard understands that the Government now plans to work with the Inter-American Bank (IDB) under its “NDC Invest” programme to review its NDC and adopt realistic investment plans.
NDCs embody efforts by each country to reduce national emissions and adapt to the impacts of climate change. In fact, NDCs are at the heart of the Paris Agreement (Article 4, paragraph 2) which requires each country to outline and communicate their post-2020 climate actions.
Together, these climate actions determine whether the world achieves the long-term goals of the Paris Agreement. The central aim of the agreement is to strengthen the global response to the threat of climate change by keeping a global temperature rise this century well below two degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5 degrees Celsius.