In the short report below, we provide some insights from the Forest Peoples Programme into the much-heralded ‘Payment for Ecosystem Services’ initiative which has been set up by a company called Canopy Capital, in the rainforests of Guyana. The project at Iwokrama has been lauded as ‘an historic deal’, and has gained much international attention, not the least through the support shown for this kind of venture by His Royal Highness the Prince of Wales, Prince Charles. However, doubts about the scheme have been growing, and it may not be quite the ‘model’ it appears.
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