Groundbreaking deal to save million acres of Guyana rainforest

A deal has been agreed for the first time that will place a financial value on rainforests, paying for their upkeep as "utilities" providing vital services such as rainfall generation, carbon storage and climate regulation.
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The Independent reported that the deal will secure the future of one million acres of pristine rainforest in Guyana.

Hylton Murray-Philipson, director of the London-based financiers Canopy Capital, who sealed the deal with the Iwokrama rainforest, was quoted as saying: "How can it be that Google’s services are worth billions but those from all the world’s rainforests amount to nothing?"

Guyana’s President Bharrat Jagdeo, a former economist, has appealed for state and private sector help for the country to avoid succumbing
to the rampant deforestation.

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