Dominican Republic climate-related business opportunities 2022

Abstract

There are business opportunities that arise from climate change. The low-carbon transition, especially after the Conference of Parties held in November 2021 (COP26) where countries have committed to ending all investment in new coal power generation and coal power will be phased down by the 2040s (in poorer nations), creates opportunities for efficiency, innovation and growth. The transportation sector is experiencing progress in zero-emission vehicles and mobility services. Moreover, there is increased demand in sustainable packaged goods from sustainable product lines. In addition, as countries transition to more resilient infrastructure, the water, tourism, service, food, and manufacturing sectors will all require changes. Therefore, sustainable finance is also expanding to support the transition to a green economy. This report will summarize some business opportunities stemming from the climate impacts and adaptation and mitigation commitments for the Dominican Republic. It will focus on priority sectors where businesses have the potential to invest in the country, thereby supporting its climate-resilient transition.