Dominican Republic - Green and Sustainable Transition

Green and Sustainable Transition in the Dominican Republic 

The Transformational Potential:

1. Contribute to a greener, sustainable and inclusive economic transition by supporting public and private sector to:

• promote greener economy initiatives
• improve business climate by enhancing transparency and embracing a culture of sustainable production and consumption.

2. Contribute to the integration of climate change and environmental safeguards in financial planning and public investments.

The Team Europe Proposal:

Promote a greener economy and foster the business environment by:

1. Improving public finance management and domestic resource mobilisation: green bonds, green public finance analysis – PEFA climate, CSOs oversight.

2. Developing the private sector and clean production practices: MSMEs’ access to finance, business and MSMEs development regulatory burdens reduction, focus on ones led by women and youth.

Promote Green Investments and Ecological Transition by:

1. Support increased access to water supply (sewage network and treated wastewater) and solid waste management systems through nature-based solutions for climate change adaptation and landscape restoration, eco-friendly tourism promotion, Haiti-DR binational and regional actions.

2. Contribute to the DR reduction of emissions: sustainable urban transport systems, investments in clean energy & use of renewable energies (solar and wind energy).

Ensure the mainstreaming of gender equality, inclusion of vulnerable groups and participation of local civil society organizations (CSOs) to sustain a democratic society and support social cohesion.