Low Content Development Strategy - LCDS

Low Carbon Development Strategy 2030 is an expanded strategy for Guyana’s sustainable development in the decade through 2030. It builds on the first LCDS which was launched by former President Dr. Bharrat Jagdeo in 2009. 

Significantly, the previous strategy placed great focus on the sustainable management of Guyana’s forests, which provide invaluable carbon sequestration and ecosystem services. The formalisation of an international forest carbon market, government holds, is critical to garnering revenues to fund LCDS initiatives.

While ExxonMobil has since discovered considerable oil and gas deposits offshore, with Government outlining aggressive production targets, President Dr. Mohamed Irfaan Ali means for the industry to develop, not against the grain of LCDS 2030, but in the most sustainable manner. Guyana’s petroleum industry will not only honour the spirit of LCDS, but will provide the framework for Guyana to pursue its energy transition. Critically, the industry will provide the revenues to help Guyana provide a world class standard of living for its citizens, while pursuing climate adaptation and mitigation.

After a period of extensive consultation which concluded early 2022, the strategy was finalised, debated and ratified by the National Assembly of Guyana.

[pdfviewer width=”100%” height=”1350px” beta=”true/false”]https://oilnow.gy/wp-content/uploads/2022/05/LCDS-2030-Final-DRAFT-for-consultation-min.pdf[/pdfviewer]

LCDS News

Oil producer Guyana is first country in the world to be issued jurisdictional carbon credits

The Architecture for REDD+ Transactions (ART) has issued the world’s first TREES credits to Guyana, it announced Thursday. It said this marks a milestone, making...

Is Guyana ready to go electric?

The first photo to hit Facebook was of the vehicle being lifted off a ship and onto a wharf in Georgetown – a sleek,...

Guyana says its energy use can increase fivefold by 2030 while emissions stay at 2018 levels

Guyana’s infrastructure boom will see urban settlements undergoing significant expansion over the years. But what does this mean for the country’s carbon footprint? According to...

Guyana encouraging low-emission cars, clean energy technologies with tax exemptions

With the goal of stimulating growth with clean energy and low-carbon technologies, Guyana is encouraging investments in low-emission cars and renewable energy sources with...

New oil producer wants to maximise value in forestry, mining, tourism industries

With Guyana’s oil revenues projected to peak at US$16B in 2036, President, Irfaan Ali has said that a significant portion of these profits will...

Oil-rich Guyana to keep agriculture, fisheries on frontline of diversification drive

Though Guyana’s super basin is projected to reap US$157B in oil earnings by 2040, authorities are determined to ensure a portion of these resources...

Guyana to amplify marketing of standing forests with national carbon registry

In the move to generate as much revenue as it can to adapt to the changing climate and mitigate against its effects, Guyana plans to gain...

Guyana’s low carbon push includes climate resilient health systems

Guyana’s Low Carbon Development Strategy (LCDS) 2030 considers the implications of the changing climate on every sector, including public health. Government’s health policy under its...

Guyana to resume national mangrove restoration project in low carbon push

Being among the best natural carbon capture agents in the world, mangroves are an invaluable tool for any government in its quest to reduce...

Guyana to resume national climate resilience strategy this year

When Guyana first earned money for the conservation of its forests, it was determined to make sure the proceeds promote the same climate consciousness...

Norway, IDB sign agreement with Guyana to ‘leapfrog its solar energy future’

Norway’s Minister of Climate and the Environment, Espen Barth Eide said he is impressed by Guyana’s continued leadership on rainforest conservation, during an important contract...

Guyana to make transformational leap towards decarbonisation with US$83.3M renewable energy project – IDB

As efforts continue with the implementation of the Guyana Utility Scale Solar Photovoltaic Programme (GUYSOL), the country is poised for a transformational leap towards decarbonisation, says...

Guyana plans to use oil revenues to make higher education free

Guyana expects windfall revenues from the sale of its crude this decade as ExxonMobil looks to add one new oil production vessel almost every...

NGO embarks on ambitious marine conservation strategy amidst Guyana’s rapid growth

Guyana is on an upward trek in its developmental journey, and the government’s Low Carbon Development Strategy (LCDS) 2030 aims to make sure this...

Guyana’s first Tesla goes 233 miles on US$12.50 of charge – owner

With the direction the world is heading, investing in an electric vehicle (EV) is becoming the more cost-effective and environmentally-friendly choice. And if the skyrocketing fuel prices do not...

With LCDS 2030, Guyana aligns oil sector with global climate ambitions

Today, Guyana joins the globe in celebrating World Environment Day 2022. This year’s campaign “Only One Earth” calls for collective, transformative action on a global...