Ecosystems of the Iwokrama rainforest reserve in Guyana have been sold off. A uk -based private equity firm, Canopy Capital, has purchased the rights to environmental services generated by the 371,000-hectare tropical forest. In return, the firm has guaranteed a "meaningful contribution' to the forest's running costs for five years.
Though value of the deal is yet to be disclosed, director of Canopy Capital, Hylton Murray-Philipson, says the funds will be used to provide livelihoods for the 7,000 indigenous people dependent on the reserve and to help support the rainforest's conservation.
Iwokrama, which means
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/371000-ha-rainforest-sold-guyana
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/down-earth
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/ecosystems
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/ecosystem-services
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/tropical-forests
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/forest-conservation
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/climate-change
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/climate-mitigation
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/carbon-sequestration
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/biodiversity-conservation
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/aid
[12] http://admin.indiaenvironmentportal.org.in/category/thesaurus/guyana
