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OECD-IEA Climate Change Expert Group Global
Forum, April 2023, Paris: session A5 “Translating
global renewable and energy efficiency calls
from the GST1 in NDCs (part II)”
Progress and Vision of the Dominican Republic Facing the
financing needs of the NDC
Delio Rincón Ozuna
Dirección de Gestión del Riesgo de Desastres y Cambio Climático
The Dominican Republic takes the opportunity to point out that from COP 16 in
Cancun until reaching the 2015 Paris Agreement, the international community
must redefine climate financing and exclude debt financing, loans and
development cooperation. The current definition of Climate Finance is very
ambiguous, in it climate finance is everything and nothing. While the financial
mechanisms and instruments within the framework of Article 6 of the Paris
Agreement move at a snail's pace.
The NDC Updated to 2020-2030 of our country, while the international community
structures and agrees on the new global financial objective, the Dominican
Republic has a financial goal of US 18 billion for 2030, of which US 15 billion They
have basically been executed or mobilized with domestic finances. The emissions
reduction goal is 27% compared to the BAU 2050 scenario.
Ejes o Sectores prioritarios de la NDC RD 2020
Movilidad
urbana
Sostenible
The NDC Action Plan 2022-2025 has implemented 7 billion in mitigation and 8 billion in
adaptation, to increase financing for climate action quickly and effectively. In our country,
90% of the financial objective has been met.
Our status as a Small Island Developing State (SIDS) exacerbates the effects of climate
change, causing damage and losses in the Dominican Republic by 2.4% of GDP on average
each year. For this reason, adaptation objectives are and must be a priority, at the same
time that we make efforts to contribute to the achievement of the global mitigation
objective set in art. No. 2 of the Paris Agreement.
Ejes o Sectores a transformar en la NDC 2025-2030
Agricultura
baja en
emisiones
Taking into account this national reality of SIDS, a New Collective Quantified Goal
(NCQG) on climate finance must focus on strengthening and capitalizing the Damage
and Loss mechanism in a compensation approach, taking into account the limits of
adaptive capacity, to finance adaptation objectives in the NDC.
The Dominican Republic draws attention to the challenges in producing risk analysis
data to finance the risks of climate-related disasters. Support is required for the
development of reliable information systems to establish risk instruments. This is
revealed by the sixth report of the IPCC.
In this matter the GTS1 decision can give us support on:
Finance flows (Art. 2.1c) and means of implementation and support (Art. 9,10,11)
Efforts related to loss and damage (Art. 8)
Ejes o Sectores a transformar en una Estrategia de Desarrollo Económico Baja en
Carbono -LTS
Gestión del
territorio Soluciones basadas en Naturaleza
Our country is preparing the process of updating the NDC for the period 2025-2030 and it is
estimated that investment needs will double from 18 billion dollars to 40 billion dollars and
these investment needs for climate resilience of the Dominican population cannot wait any
longer, we are facing the limits of the ability to adapt. We still do not know if it is necessary
to double the ambition in the next update of the NDC, given the lack of resources from
International Cooperation.
In this matter the GTS1 decision can give us support on:
workshops to facilitate knowledge and good practice sharing.
Sharing experiences, support peer exchange and Capacity-Bulding
As a member country of the UNFWCCC, we are willing to direct our best efforts within the
framework of the Conference of the Parties to help expedite the rapid and effective financial
mechanisms required for the implementation of the climate agenda.
Ejes o Sectores a transformar en una Estrategia de Desarrollo Económico Baja en
Carbono -LTS
Ciudades
Resilientes Producción y consumo sostenible
On behalf of the Ministry of Economy, Planning and Development of the
Dominican Republic, we thank the OECDE for the great opportunity to express our
progress and our vision regarding the financing goals of climate action.
Thank you so much
Muchas gracias

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CCXG global forum, April 2024, Delio Rincon

  • 1. OECD-IEA Climate Change Expert Group Global Forum, April 2023, Paris: session A5 “Translating global renewable and energy efficiency calls from the GST1 in NDCs (part II)” Progress and Vision of the Dominican Republic Facing the financing needs of the NDC Delio Rincón Ozuna Dirección de Gestión del Riesgo de Desastres y Cambio Climático
  • 2. The Dominican Republic takes the opportunity to point out that from COP 16 in Cancun until reaching the 2015 Paris Agreement, the international community must redefine climate financing and exclude debt financing, loans and development cooperation. The current definition of Climate Finance is very ambiguous, in it climate finance is everything and nothing. While the financial mechanisms and instruments within the framework of Article 6 of the Paris Agreement move at a snail's pace. The NDC Updated to 2020-2030 of our country, while the international community structures and agrees on the new global financial objective, the Dominican Republic has a financial goal of US 18 billion for 2030, of which US 15 billion They have basically been executed or mobilized with domestic finances. The emissions reduction goal is 27% compared to the BAU 2050 scenario.
  • 3. Ejes o Sectores prioritarios de la NDC RD 2020 Movilidad urbana Sostenible The NDC Action Plan 2022-2025 has implemented 7 billion in mitigation and 8 billion in adaptation, to increase financing for climate action quickly and effectively. In our country, 90% of the financial objective has been met. Our status as a Small Island Developing State (SIDS) exacerbates the effects of climate change, causing damage and losses in the Dominican Republic by 2.4% of GDP on average each year. For this reason, adaptation objectives are and must be a priority, at the same time that we make efforts to contribute to the achievement of the global mitigation objective set in art. No. 2 of the Paris Agreement.
  • 4. Ejes o Sectores a transformar en la NDC 2025-2030 Agricultura baja en emisiones Taking into account this national reality of SIDS, a New Collective Quantified Goal (NCQG) on climate finance must focus on strengthening and capitalizing the Damage and Loss mechanism in a compensation approach, taking into account the limits of adaptive capacity, to finance adaptation objectives in the NDC. The Dominican Republic draws attention to the challenges in producing risk analysis data to finance the risks of climate-related disasters. Support is required for the development of reliable information systems to establish risk instruments. This is revealed by the sixth report of the IPCC. In this matter the GTS1 decision can give us support on: Finance flows (Art. 2.1c) and means of implementation and support (Art. 9,10,11) Efforts related to loss and damage (Art. 8)
  • 5. Ejes o Sectores a transformar en una Estrategia de Desarrollo Económico Baja en Carbono -LTS Gestión del territorio Soluciones basadas en Naturaleza Our country is preparing the process of updating the NDC for the period 2025-2030 and it is estimated that investment needs will double from 18 billion dollars to 40 billion dollars and these investment needs for climate resilience of the Dominican population cannot wait any longer, we are facing the limits of the ability to adapt. We still do not know if it is necessary to double the ambition in the next update of the NDC, given the lack of resources from International Cooperation. In this matter the GTS1 decision can give us support on: workshops to facilitate knowledge and good practice sharing. Sharing experiences, support peer exchange and Capacity-Bulding As a member country of the UNFWCCC, we are willing to direct our best efforts within the framework of the Conference of the Parties to help expedite the rapid and effective financial mechanisms required for the implementation of the climate agenda.
  • 6. Ejes o Sectores a transformar en una Estrategia de Desarrollo Económico Baja en Carbono -LTS Ciudades Resilientes Producción y consumo sostenible On behalf of the Ministry of Economy, Planning and Development of the Dominican Republic, we thank the OECDE for the great opportunity to express our progress and our vision regarding the financing goals of climate action. Thank you so much