Rice Fields in the Cibao Valley
The future is found in green investment.
According to a 2013 report from Climatescope, the Dominican Republic has the best climate for green investment in the Caribbean. Now, four years later, there is, even more, proof that they are making continued progress.
The Climatescope Report assesses climate-related investment in Latin America and the Caribbean. They look at 26 countries in the region, evaluating their ability to “attract capital for low-carbon energy sources while building a greener economy.”
Climatescope uses four major criteria to assess their findings:
- current frameworks in each country
- clean energy investment and climate financing
- low-carbon business and clean energy value chains
- greenhouse gas management activities
According to the 2016 report, Dominican Republic has set a target of 10% of its electricity supply from renewable resources. In fact, the government recently invested $126 million in wind projects. Because of this, there is a renewed push to grow green investment at every level.
As a result, this helps to push the ranking up even higher. Progress is being made at many levels.
In addition to the above, the Dominican Republic also has a net metering program. Basically, this means that retail electricity consumers who have renewable self-generation facilities are able to interconnect with the distribution company.
Therefore, they are able to deliver surplus generation to the grid and obtain a billing credit.
As of February 2016, there was a total of 23MW of generation under the country’s net metering program.
This is good news for those looking for green investment in the Dominican Republic.
Green investment happens at all levels – and it is especially valuable in the planning stages of a real estate investment.
When looking for a great place to begin for green investment in the Dominican Republic, we suggest the following:
- thinking about green investment property as a long term gain
- a working understanding of the Dominican Republic’s green strategy
- working with a trusted real estate advisor who understands the potential for green investment and development
Farm in the hills of Abreu/Cabrera
Green investment is quickly proving to be the wisest way to approach real estate development. By working with Mother Nature we will find the safest and cleanest way to build the future. Together.
We welcome the opportunity to help you discover green investment properties. To learn more about our suggestions contact us today.
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Sabine A Mertes-Urbahn