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Dominican Republic joins global trend to save the environment

Santo Domingo.-  The Dominican Republic is poised to adopt the global trend of Environmental Services Payments (ESP) by passing regulatory legislation, for which the American Chamber of Commerce’s (AMCHAMDR) Legal Committee held the seminar “Bill on environmental services: New tax burden or promotion of environmental protection?,” with several experts  taking part

The seminar analyzed the ESP concept and background at the international and local level and its social-economic impact. It included Costa Rica’s experience and the international trend.

It also included a creative component from ideas by experts who joined the panel.

AMCHAMDR Legal Committee president and Headrik, Rizik Alvarez & Fernández LLPP partner Mary Fernández opened the seminar and introduced Environment Deputy minister Manuel Serrano, who called the ESP an opportunity to raise awareness, train and coordinate local and external players, and improve resource management, conservation and processes. “It provides better and greater opportunities to influence, manage and develop resources at the local and national level.”

The government official said the change in coverage and land use directly or indirectly affects the quantity and quality of surface and subsoil water resources. “That’s why the Environment Ministry develops the ESP initiative to support integrated watershed management, instrument which has been implemented for nearly a decade in Latin America.”

The official added that among the ESP’s main benefits figure the creation of complementary economic alternatives among empowered rural populations which recognize the added value to their work for conservation.

Source: DT

Category: DR News |

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Last updated October 21, 2016 at 11:57 PM
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