Background

RCC Caribbean, in collaboration with the Dominican Republic’s National Council for Climate Change, and consultants from IDOM and Sajoma, hosted a series of workshops to support the design of a pilot Emissions Trading System (ETS) in the Dominican Republic.

The workshops addressed key elements such as carbon pricing instruments, sectoral coverage, and technical barriers. Participants engaged in discussions aimed at tailoring the ETS to the country’s specific climate and economic conditions, marking the beginning of an essential process in transitioning towards a low-carbon economy. 

Objectives

• Raise awareness of carbon pricing instruments
• Inform about the pilot design process
• Conduct initial stakeholder consultation
• Launch the stakeholder and institutional engagement process.

Target audience

This workshop is focused on potential participants from the ETS and other non-public entities.

Credit: UN Climate Change