Guyana Could be Model for Climate Change: Aligning Oil and Gas with Green Economy

(GOFAD) This blog is being written when The Conference of Parties on Climate Change (COP 25) in Madrid has commenced. Over the next 2 weeks leaders and technocrats from participating countries will be debating policies and programmes resulting from the 2016 Paris Agreement. Among the key alignments, are limiting carbon emissions, attaining green agendas, supporting geoscience, highlighting clean energy, rationalizing fossil fuel investments, implementing carbon taxes and expediting the Climate Investment Fund.

From COP 25 to GIPEX 2 in Guyana

While we await the decisions from COP 25, it is important to note that a most informative event, the 2nd Annual Guyana International Petroleum Business Summit and Exhibition (GIPEX 2019), was held at the Guyana Marriott, November 20-22 hosted by the Office of the Presidency, Department of Energy in collaboration with Exxon Mobile as a strategic Partner and several other events organizers, supporting partners and lead sponsors. The GIPEX 2019 Summit was complemented by an Exhibition that attracted a wide cross section of the Guyanese public, no doubt sensitizing them to the possibilities of opportunities in the new economy. The event was held against a backdrop of impressive developments with potential for rapid economic growth. Guyana is poised to achieve first oil (production) later this month. Its good fortune according to the Department of Energy is illustrated by 16 petroleum discoveries with an estimated recoverable barrels in excess of 6 billion, foreign direct investments of US500M, the creation of 1357 jobs and the establishment of 70 joint ventures and partnerships. The main focus of the Summit was on streamlining the operations within the oil and gas sector while paying particular attention to the Guyana’s commitment to the Green State as a foundation for its sustainable development.

Read more at: Global Frontier Advisory and Development Services

Source: CARICOM TODAY