There is consensus on the central role that private-sector actors are able to play to support the implementation of Nationally Determined Contributions (NDC), as drivers of green growth, promoters of green supply chains, sources of investment in low-carbon and climate-resilient infrastructure, and as leaders of innovation in the development of clean technologies and the efficient use of resources.
During the last five years, efforts have been made in the Dominican Republic to promote greater private-sector participation in climate action. Under the terms of the Third National Communication, the private sector is participating in the implementation of actions to reduce GHG emissions. Despite these efforts, however, private-sector involvement remains weak. An analysis conducted in 2018 identified as barriers the lack of incentives for the private sector and academia, as well as the absence of enabling conditions (capacity, funding, robust institutions).
To map GHG reduction targets and the adaptation needs of the private, academic, NGO and financial sectors linked to priority sectors of the economy:
- Development of implementation planning and related communication documents;
- Definition of key sectors and challenges for climate action identified through consultations with national stakeholders;
- Mapping and analysis of GHG-reduction targets and the adaptation needs of the private sector, NGOs, and academia linked to the priority sectors available;
- Mapping and analysis of commercial and local development banks, major companies and corporate groups, and available producer associations;
- Identification of gaps and proposal of solutions to achieve climate goals;
- Preparation of two concept notes, one on adaptation and one on mitigation, for projects/actions in priority key sectors.
This technical assistance is expected to help to consolidate the public-private alliance with the National Council for Climate Change and Clean Development Mechanism (CNCCMDL) following up on the commitments made in the Businesses' Declaration of 2015, also to help with processes by more-precisely making known the private, NGO and academia sectors' GHG mitigation targets, the academic sector will as well become more actively involved in climate-action initiatives and will increase its contribution in terms of innovation, science and technology.