Called “Green Taxonomy” and developed with the support of the International Finance Corporation (IFC), the new tool will allow market actors to identify investment possibilities in line with the environmental policy of the Dominican Republic, such as that established in the Agreement Paris.
It will also help attract private capital into sustainable projects, contributing to the transition towards a low-carbon, resilient, sustainable and inclusive national economy.
The presentation of this instrument was attended by Ernesto Bournigal Read, Superintendent of the Stock Market, the Minister of the Environment, Miguel Ceara Hatton, and Carolina Cárdenas, resident representative in the Dominican Republic of the IFC.
On the occasion, Clara Fernández, counselor of the Economic and Commercial Office of the Spanish Embassy in Santo Domingo, and Julio Lozano, director of Economy and Social Banking of the Association of Multiple Banks (ABA), highlighted the relevance of this milestone in the context of environmental sustainability and the economic development of the country.
Bournigal Read stated that “the taxonomy strengthens the country’s competitiveness in the fight against climate change.
It turned out that more than 170 experts from the public, productive and financial sectors, academia, civil society and international organizations participated in the development process of this instrument.
Ceara Hatton specified that this initiative covers nine economic sectors, namely energy, waste management and emissions capture, construction, transportation, water supply and treatment, information and communications technology (ICT) and industry.
He argued that its pillars are adaptation to climate change, mitigation, water and water resources, ecosystems and biodiversity, pollution prevention and the circular economy.
According to a statement, the Green Taxonomy stands as a fundamental pillar in the Dominican Republic’s commitment to sustainability, the preservation of the environment and the promotion of a green economy.
Furthermore, it represents a crucial step towards building a more sustainable and prosperous future for the country.
rgh/mpv
