The essence of this approach has two implications: (i) One-off predictable and controllable deforestation events will be allowed for critical national infrastructure that is part of Guyana's transition to a low carbon development path. 14 During the duration of the current Guyana-Norway partnership, the only such event will be the construction of the Amaila Falls hydro-electricity plant. This plant is the flagship of Guyana's Low Carbon Development Strategy, and is expected to eliminate over 92% of the country's energy-related emissions, after the emissions associated with its construction are accounted for 5. It will only go ahead after Guyana and Norway have agreed that the necessary Environmental and Social safeguards have been met, and an independent verification agreed by Guyana and Norway confirms the overall beneficial effects of the project from a climate change perspective. (ii) Economic activities will be permitted within the forest, within a ceiling on deforestation of 0.056 per annum, without any financial penalty apart from the reduction in compensation caused by a smaller margin between the reference level and the verified deforestation level. For any deforestation rate up to this level, Guyana will be eligible for payments equaling the full margin between the reference level and the verified deforestation level. For deforestation rates between 0,056 per cent and 0,1 per cent (unless they relate to the Amaila Falls project as described above), eligibility for payments would be calculated as a gradually decreasing percentage of the payments that would be due if only the margin between the reference level and the verified deforestation level were taken into account, as set out below. At deforestation rates at or above 0,1 per cent, no payments would be due to Guyana for that given year. 14 The exception is only from the agreed maximum level of deforestation provision. The emissions resulting from such activities would still be part of the total deducted from the reference level to determine total payments due to Guyana. I.e., emissions from Amaila would still count as deduction in total amount due to Guyana in the years when Amaila was established. 15 The January 2011 ESIA for the Amaila Falls project can be found at http://amailahydropower.com/latest- news/key-project-documents. Section 5 details how a 92% reduction in net greenhouse gas emissions is calculated.