Bamboo Gaining Traction in Caribbean as Climate Savior
– Keen to tap its natural resources as a way to boost its struggling economy, Guyana struck a multi-million-dollar deal with Norway in 2009.
Under the deal, Norway agreed to pay up to 250 million dollars over five years, if Guyana, a Caribbean Community (CARICOM) country in South America, maintained a low deforestation rate.
It was the first time a developed country, conscious of its own carbon-dioxide emissions, had paid a developing country to keep its trees in the ground.
The initiative was developed by the United Nations and called REDD+ (for Reducing Emissions from Deforestation and Forest Degradation plus conservation).
The main aim was to allow for carbon sequestration – the process involved in carbon capture and the long-term storage of atmospheric carbon dioxide.
Trees are thirsty for the potent greenhouse gas carbon dioxide, soaking it up during photosynthesis and storing it in their roots, branches and leaves. Each year, forests around the world absorb nearly 40 percent of all the carbon dioxide produced globally from fossil-fuel emissions. But deforestation increases the amount of carbon dioxide in the atmosphere as trees are burned or start to decompose.
Most of the other Caribbean countries do not have the vast forests present in Guyana, but one expert believes there is still a huge potential to sequester carbon.
While the bamboo plant can be found in abundance in several Caribbean countries, the director of the International Network for Bamboo and Rattan (INBAR), Dr. Hans Friederich, said its importance and the possible role it could play in dealing with climate change have been missed by many of these countries. Read more
Source: IPS News