TREES carbon credits hit nine million for 2023

Guyana announced on Tuesday that the Architecture for REDD+ Transactions (ART) has issued 9,085,923 TREES carbon credits for 2023, marking the country’s third consecutive year of high-integrity credit issuance.
The credits, labelled CORSIA-Eligible, meet international standards for environmental integrity, transparency, and accountability, making them eligible for the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).

The issuance reflects efforts by the government and forest communities to ensure verifiable emissions reductions through forest stewardship, robust national monitoring systems, and policy support for low-carbon development.
Guyana, where forests cover more than 85% of the national territory, has implemented the Low Carbon Development Strategy (LCDS) since 2009, investing in forest governance, measurement, reporting and verification (MRV) systems, Indigenous land titling, and benefit-sharing mechanisms.

“This issuance validates Guyana’s long-term vision and signals confidence to global markets,” the government said in a statement. “It demonstrates that countries and communities can benefit from making forests worth more alive than dead.”
The TREES credits strengthen Guyana’s ability to mobilise results-based climate finance to support national priorities, including climate-resilient infrastructure, Indigenous community development, forest conservation, and biodiversity protection.

Analysts say the issuance underscores the credibility of jurisdictional-scale REDD+ programmes as a source of high-integrity climate finance, demonstrating that government-led, data-driven approaches can deliver measurable emissions reductions while safeguarding biodiversity and supporting local livelihoods.
Guyana has previously issued TREES credits under similar frameworks, and the 2023 issuance builds on these systems, reflecting continued advancement in sustainable forest management and carbon market participation.