Regulatory Alerts2023-10-18
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Green Taxonomy General Framework of the Dominican Republic
The document establishes the general framework for the Dominican Republic's Green Taxonomy, defining it as a system to identify economic activities and assets with substantial contributions to environmental and climate objectives. It outlines the taxonomy's purpose to direct financial flows toward green activities, its six core environmental objectives (climate change mitigation and adaptation, water resources, ecosystems and biodiversity, pollution prevention, and circular economy), and the principles guiding its development. The framework specifies eligibility criteria and compliance requirements, noting that the initial scope covers nine economic sectors with substantial contributions to mitigation, adaptation, and water resources, while other objectives are addressed through the 'No Significant Harm' principle.
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