Expressing his satisfaction yesterday that Guyana is among 14 developing countries recently selected as the first to receive money for combating tropical deforestation and climate change from an initial US$82M partnership among those countries and nine industrialized states,China Jerseys For Sale, President Bharrat Jagdeo however said he is not pleased with the mechanism through which these payments will be effected.The Head of State was at the time commenting on Government’s decision to increase the export commission on specific types of logs to dissuade exportation of the commodity as Government continues to fight deforestation and climate change by keeping its rainforest intact. Guyana is one of four remaining countries in the world to have done so.“The mechanism through which they effected those payments is a limited one and I’m arguing that it should change.It’s a clean development mechanism and I’m arguing that this should be changed to a market-based mechanism especially to trade carbon and carbon dioxide from forest, that is, sequestered through tropical rainforests,Nike NFL Jerseys China,” he emphasised.The Head of State pointed out that the forests store much carbon and as such,Cheap Jerseys Authentic, the carbon in these forests need to be given credits and the credits traded in the markets similar to the system which obtains in Europe.“Europe now,China Jerseys, through an emissions trading scheme has been trading credits to the value of $33 billion.We feel that we can generate a significant amount of money for developing countries like ours if we were to have a market-based mechanism trading these credits,China Jerseys,” he added.President Jagdeo argued that the forests produce the same type of service to the rest of the world and he doesn’t see why they should be treated any differently.Government has been continuing to put measures in place to ensure sustainable forestry management over the years and this has resulted in the country’s rainforest still being fully intact.President Jagdeo has over the last years been advocating for the country to be compensated for this as developed countries have been contributing mostly to pollution through carbon emissions while developing countries have been facing the brunt of global warming and climate change.The World Bank announced last week that Guyana and 13 other countries have been selected to benefit from the Forest Carbon Partnership Facility (FCPF),Jerseys NFL China, an international financing mechanism to combat tropical deforestation and climate change.Guyana’s selection to benefit from this facility sees the fulfillment of the President’s initiative on climate change which aims to derive incentives to reduce deforestation and stipulates that this should be an integral part to any agreement on climate change.