The MARENA Fund and Sur Futuro are leading efforts to mobilize climate finance and private investment for low-carbon development.
In an important step towards climate change mitigation, the Global Green Growth Institute presented the program "Mobilizing international climate finance and private investment for low-carbon development in the Dominican Republic". The event, held at the Diplomatic Room of the Hotel El Embajador, was attended by prominent authorities and personalities from the national environmental and financial sector.
Under the leadership of the Ministry of Environment and Natural Resources of the Dominican Republic, MARENA Fund was nominated as a recipient entity for accreditation by the Green Climate Fund, which represents an important step forward in the management of resources for climate change adaptation and mitigation projects, acknowledged Judith Valdez, Executive Director. This recognition highlights the commitment of the Dominican government in the fight against the effects generated by climate change and its dedication to the implementation of a system of sustainable finance and attracting private sector investment.
In this sense, Sur Futuroone of the leading members of RedLAC, together with Fondo Marena (Network of Environmental Funds of Latin America and the Caribbean), showed its commitment to climate action by participating in the program's launch event. The president of Sur Futuro, Melba Segura de Grullón, highlighted the importance of this initiative and the objective of improving institutional capacity and strategic frameworks in mobilizing climate finance and private investments for sustainable and low-carbon development in the country.
The project is sponsored by the Green Climate Fund (GCF), in collaboration with the Ministry of Environment and Natural Resources and the Global Green Growth Institute. These strategic alliances seek to strengthen the country's capacity to face the challenges of climate change and promote green growth through the mobilization of international financial resources and the participation of the private sector.
The program "Mobilizing international climate finance and private investment for low-carbon development in the Dominican Republic" marks an important milestone in the fight against climate change in the country. It is expected that this initiative will contribute to boost the implementation of sustainable and climate-resilient projects, generating economic, social and environmental benefits for the Dominican population.
With the launch of this program, the Dominican Republic demonstrates its firm commitment to the global agenda to combat the effects of climate change and its determination in the search for a sustainable, low-carbon future. The joint efforts of the MARENA Fund and Sur Futuro and the collaborating entities mark the beginning of a new stage in the protection of the environment and the promotion of green growth in the Caribbean nation.
RedLAC Communications Coordinator
pablo.portillo@fiaes.org.sv pablo.portillo@fiaes.org.sv
