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The Ministry of Finance and Ministry of Environment signed a landmark agreement today with the World Bank’s Forest Carbon Partnership Facility (FCPF). The agreement unlocks payments of up to US$25 million for verified carbon emission reductions between now and 2025 through the Dominican Republic’s emissions reduction program.
“This agreement is a country achievement, a reason for celebration and progress in the fight against the challenges of climate change and is the result of four years of preparation of the Program for the Reduction of Emissions from Deforestation and Forest Degradation (REDD+), which will be implemented by the Ministry of Environment with the direct involvement of the Ministry of Agriculture and the Ministry of Economy,” explains Milagros De Camps, deputy minister for International Cooperation at the Ministry of Environment.
The Dominican Republc’s Emission Reductions...