Guyana, a former Dutch then British colony that gained independence in 1966, is...

CNN Climate 1 year ago

Guyana, a former Dutch then British colony that gained independence in 1966, is one of only a handful of countries that is a “carbon sink,” meaning it stores more planet-heating pollution than it produces. This is due to its vast rainforest; trees remove carbon dioxide from the atmosphere as they grow. But the tiny country — sandwiched between Brazil, Venezuela and Suriname — has tightly embraced oil as a route to prosperity. In December 2019, then-President David Granger said in a speech, “petroleum resources will be utilized to provide the good life for all … Every Guyanese will benefit.” It’s a narrative that has continued under current President Mohamed Irfaan Ali, who says new oil wealth will allow Guyana to develop better infrastructure, healthcare and climate adaptation. And while plenty of Guyanese people welcome the new oil industry, some say Guyana’s startling economic statistics do not reflect a real-world prosperity for ordinary people, many of whom are struggling with the higher prices accompanying the oil boom. Inflation rose 6.6% in 2023, with prices of some foods shooting up much more rapidly. CNN contacted President Ali, the Ministry of Natural Resources and the Ministry of Finance for comment on this story but received no response. Read the full piece at the link in our bio. 📸: Will Lanzoni/CNN

layersDaily Sustainability Digest

Published about 11 hours ago



The Considerate Constructors’ Scheme has tightened and standardised its checklist and scoring model across the UK and Ireland, raising the bar for sustainable construction and environmental sustainability in construction. Clearer benchmarking should make procurement more rigorous and force contractors to support sustainable building practices, sustainable building design and sustainable design claims with measurable evidence on whole life carbon, embodied carbon, whole life carbon assessment, lifecycle assessment, life cycle cost and building lifecycle performance data. That strengthens scrutiny of low carbon design, eco-design for buildings, net zero whole life carbon and the carbon footprint of construction, with greater focus on embodied carbon in materials, resource efficiency in construction and circular economy in construction.

SDCL Efficiency’s planned wind-down sends a harder signal from capital markets. Rising borrowing costs and tougher return expectations are undermining investments long seen as the practical route to decarbonising the built environment. Developers pursuing energy-efficient buildings, net zero carbon buildings and low carbon building strategies now face sharper pressure to prove commercial resilience as well as carbon footprint reduction. The market is becoming more demanding of credible whole life carbon performance and less tolerant of vague ESG claims.

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