Technical assessment of climate finance in Dominican Republic : annex to the Climate Finance Access and Mobilization Strategy for Dominican Republic 2022–2030

Abstract

This report has been developed with the support of the Needs-based Climate Finance Project (NBF) of the UNFCCC secretariat. It aims to provide an overview of the climate finance flows, needs, enabling environment and challenges in the Dominican Republic as a technical basis for the development of a Climate Finance Access and Mobilization Strategy for the country. To meet national commitments to reduce emissions and build resilience, it is necessary to ensure access to climate finance and effective mobilization of financial flows. This report identifies relevant factors in the national context that will affect finance options, availability, capacity and access modalities. For context, this report highlights the country’s economic structure, some of its socio-political, environmental, and climatic characteristics and the regulatory, institutional and planning framework that underpins its public policies. Further, the key indicators and parameters presented herein help to provide insight into the capacities and characteristics of domestic and international financing.