Guyana is pursuing new carbon credit agreements to support its climate adaptation and mitigation efforts, Minister of Natural Resources Vickram Bharrat has confirmed.
“We are open to engagement with any company,” Bharrat told S&P Global during an interview in April. “We are the first country to be certified to sell credits to the airline industry. Hopefully, we’ll get some deals from that soon.”
ExxonMobil not inclined to purchase Guyana’s carbon credits – Jagdeo | OilNOW
Carbon credits are central to Guyana’s strategy for managing the impacts of climate change and financing its energy transition. Bharrat noted that although “the political will is there to transition, …the resources are not there to transition. It costs a lot.”
Guyana signed a US$750 million deal with Hess Corporation for 30% of its carbon credits. Bharrat said 15% of the revenue will go to community projects and 85% will be used for adaptation and mitigation.
Guyana has almost 20 million hectares of rainforest, estimated to store around 20 billion metric tons of CO₂. It has been issued 33.47 million carbon credits under the Architecture for REDD+ Transactions (ART) for the 2016–2020 period. The credits are certified under the TREES standard for large-scale forest conservation.
Apple is the latest buyer, purchasing 100,000 “vintage 2019” credits to offset emissions. The tech company said in its 2025 Environmental Progress Report that the credits were retired in 2024 and are part of its “high-quality carbon credits” portfolio.
