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Significance
Both economies now look set to be driven by oil investment and production for at least the next decade. This economic trend is the opposite of that experienced by many other economies which are attempting to transition towards clean energy in an effort to mitigate climate change impacts.
Impacts
Submission of Guyana’s second Paris Commitment goals will spark greater scrutiny of current climate change initiatives.
Extractives companies operating in Guyana and Suriname may look to fund climate change initiatives there to bolster their reputations.
Guyana’s renewable energy commitments will lead to new investment opportunities in this sector from 2022.
Keywords:
Guyana,
Suriname,
LA/C,
SURINAME/GUYANA,
economy,
industry,
politics,
climate,
environment,
fiscal,
foreign investment,
government,
growth,
natural resources,
oil,
Paper & Forestry,
Fossil fuels
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2022
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