Santo Domingo.- The Environment Ministry and Germany’s International Cooperation Agency (GIZ) on Thursday signed an agreement to design and implement a “comprehensive environmental compensation mechanism” nationwide, to reduce the impacts of climate change, by showcasing sustainable forest management activities.
In a statement, the two agencies said the mechanism aims to cut emissions based on a comprehensive, sustainable and transparent approach. “In a first phase, the project will be carried out in the North Yaque River basin and subsequently extended to other parts of the country.”
Environment minister Bautista Rojas and GIZ program Senior Adviser Lazlo Pancel signed the agreement to “develop technical actions to estimate Dominican Republic’s potential to sequester carbon.”
The officials signed the 5-year agreement at Monte Plata province’s (east) National Biodiversity Park, which is being reforested to reach Environment’s goal to plant 11 million trees this year.