Guyana's President Bharrat Jagdeo on Thursday criticized the Kyoto Protocol on climate change for failing to allow countries like his nation with pristine unharvested forests to earn carbon credits.
"The Kyoto Protocol is limited in that sense, and it's short-sighted in that it encourages bad behaviour basically among countries; if you cut down trees and you plant them back you get money, if you preserve them, you don't get anything," Jagdeo told a forum on agro-energy.
The Guyanese leader noted that Guyana would reap "miniscule" assistance under the Clean Development Mechanism of the Kyoto Protocol when the South American country begins large-scale production of ethanol and other types of agro-based energy.
He said Guyana has decided to get into the production of bio-fuels such as ethanol and biodiesel. But "assistance is miniscule through the Clean Development Mechanism as compared to the carbon credits we could get from standing forests," said Jagdeo, a Russian-trained economist.
So much for helping out the developing countries of the world eh.