the extractive industry in guyana a trigger for sustainable development national mining and...
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THE EXTRACTIVE INDUSTRY IN GUYANA A TRIGGER FOR SUSTAINABLE DEVELOPMENTN A T I O N A L M I N I N G A N D Q U A R R Y I N G C O N F E R E N C E 2 0 1 5
A U G U S T 2 5 , 2 0 1 5
C U R T I S B E R N A R D , M E M
C O N S E R V A T I O N I N T E R N A T I O N A L - G U Y A N A
TWO PERSPECTIVES
• Significant contributor to GDP
• Large number of families depend on the industry
• Good potential for growth, especially with emerging oil and gas sub-sector
1. THE EI IS IMPORTANT TO GUYANA’S DEVELOPMENT
2006 2007 2008 2009 2010 2011 2012 2013
-
25,000
50,000
75,000
100,000
125,000
150,000
All Mining All Other Non-Service
Year
GD
P a
t cu
rrent
pri
ces
G$ B
illion
• Forest is cleared
• Water, land and air can be polluted
• Animals can be harmed (killed or displaced)
• Other ecosystem goods and services can be affected
• Social, cultural and economic aspects can also be affected
2. EXTRACTION CAUSES SOME NEGATIVE IMPACTS
2006 2007 2008 2009 2010 2011 2012 2013
-
5,000
10,000
15,000
Mining All Others
Year
ONE STORY: THE TOTAL WEALTH PERSPECTIVE
Natural Capital natural resources:
non-renewables (e.g. minerals) and
renewables (e.g. trees, animals, water)
Intangible Capitalhuman resources (capacities),
social capital (the cohesion that exists in social structures),
institutions,, social and political environment
Produced Capitalmanufactured assets and machinery such as factories, capital plant infrastructure
urban land and buildings
A REALISTIC FUTURE
Renewable Capital Non-renewable Capital Produced Capital and Urban Lands Human and Social Capital
Present Future
• Maintain Renewable Natural Capital
• Manage drawdown of non-renewable Natural Capital
• Invest returns on Natural Capital to grow Produced and Intangible Capital
A REALISTIC FUTURE
Present Future
EVIDENCE BASED SOLUTIONS
An efficient extractive industry within a Green
Economy
Technological solutions
Financial and Investment solutions
• Resource exploration and mapping
• Site planning and recovery/restoration
• Appropriate technologies for improved recovery and reduced impacts
• Value added production
TECHNOLOGICAL SOLUTIONS
• Natural capital accounting
• Sovereign wealth fund
• Public-private partnership
• Corporate social responsibility
• Incentives for technological improvements
FINANCIAL AND INVESTMENT SOLUTIONS
An efficient extracti
ve industry within a Green
Economy
Technological solutions
Financial and
Investment solutions
• A path rather than a destination, start with the first step and recheck as progress is made
• Data collection and management
• Research and development
• Iterative improvement in extractive policy
• Involved and holistic approach
REALIZING THE POTENTIAL
Building upon a strong foundation of science, partnership and field demonstration, CI empowers societies to responsibly and sustainably care for nature, our global biodiversity, for the well-being of humanity.
PEOPLE NEED NATURE!
CI IN GUYANA
FOR MORE INFORMATION
Contact:Dr. David Singh
Curtis Bernard ([email protected])
Dianne Balraj ([email protected])
Conservation International-Guyana
94 Laluni Street, Queenstown, Georgetown
227-8171
www.conservation.org.gy/media_publications.php