Concerning other sectors, explanations can be offered to justify their non-prioritization. The country’s other historical sectors are fishing, rice and sugar. However, since fishing is mostly artisanal, with the exception of a few industrial actors, it would be challenging to bring these smaller artisanal players together around the same consultation table in order to reach a common agreement on a potential voluntary commitment by this sector. There is no organization representing all artisanal fishing activities (which are in the majority) as a collective, and practices are very diversified throughout the sector. It must be noted however, that the Department of Fisheries is working to revive fishing co-ops. As for aquaculture, this is often practiced in conjunction with agricultural activities. However, there are few studies on the evolution of stocks. In this sector, the damage to biodiversity is mainly indirect, identifiable upstream, via the pollution of waterways (particularly with the bioaccumulation of heavy metals).
The oil sector will clearly be a determining factor in the evolution of the country in the future, and a potential driver of the erosion of marine and coastal biodiversity. Nevertheless, since the sector is very new to the country, historical impact had to be counted as nil under the scoring process, and the sector is as yet too young to make sectoral commitments at this time. Moreover, private actors operate in a climate of fierce competition, which is not conducive to the establishment of sectoral consultations. In addition, political support will be low, as the degree of independence of the state in the development of the oil industry is low. The World Bank is financing the development of the legal and institutional framework aimed at maximizing the economic and social benefits of the sector’s development. While the contracts signed between the oil companies and the state have been criticized as being lopsided, the Local Content Act (2021) attempts to maximize the level, quality, and benefits of participation in the petroleum sector.
The impact of renewable energy and tourism is minor compared to the impacts generated by the extractive industries. However, particular attention should be paid to the construction of hydroelectric dams and other renewable energies, which contain their share of environmental damage despite the guise of the green image they project. As for tourism, load capacities exist to protect tourist sites. Ecotourism allows tourists to experience traditional culture, which provides informal environmental education on topics related to biodiversity conservation.
Finally, the banking sector is indirectly the sector with the greatest impact on biodiversity and the one most likely to be an agent of change, as it allocates the funds necessary for economic activity. Indeed, several initiatives could be arranged to mitigate the impact of economic activity on biodiversity. For example, loan allocation processes could be conditioned on environmental impact assessments, or, with the integration of clauses dedicated to the protection of biodiversity, loans with preferential interest rates could be granted to sustainable development projects. To do this, Guyana could, for example, rehabilitate a national â€˜green developmentâ€™ bank, to capture international funds specifically allocated to biodiversity protection. However, this sector did not emerge as a priority sector for several reasons. First its impact on biodiversity is not quantified, and difficult to quantify. Banking networks are international and structured in complex associations, which generally conceal the exact origin of funds, making the sector hard to pin down. Second, Guyana remains very dependent on the international banking sector, and engaging donors for the second phase of this project may be complex. Nevertheless, it would be advisable to organize a multi-donor meeting in order to take these issues into account and optimize the financing of biodiversity.
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