In this post, we investigate exactly what Dominica is doing to achieve a climate-resilience future. We’ll also discuss how Dominica Citizenship by Investment (CBI) is impacting their Sustainable Development Goals, and why Dominica should be the next place you travel to.
What is climate resilience?
Climate resilience is the ability to anticipate, prepare for, and respond to hazardous events, trends, or disturbances related to climate.
Improving climate resilience involves assessing how climate change could create new, or alter current, climate-related risks in the hope that better decisions will help to cope with these risks.
Why is a climate-resilient future important?
Most of the charm of the Caribbean comes from its natural beauty, pristine beaches, and abundance of fauna and flora. Unfortunately, the Caribbean is also particularly vulnerable to human activity and devastation caused by hurricanes.
Did you know that tropical Storm Erika (in 2015) and Hurricane Maria (in 2017) decimated Dominica, resulting in the nation needing to be rebuilt from the ground up? Consequently, Dominica has realised that ensuring the best possible future for all citizens and tourists will take a lot more than merely being environmentally conscious. It can make a huge difference if awareness is partnered with the relevant resources. Thanks to the intentional changes Dominica has brought to their country, they are doing just that. Funding from the Dominica Citizenship by Investment Programme plays a huge role in this movement.
What is Dominica doing to ensure a climate-resilient future?
Dominica has taken a multifaceted approach to ensure climate resilience. This includes a strong focus on ecotourism and investment in eco-resorts. In addition to funding conservation programmes – Dominica has also banned single-use plastic. The conservation programmes include the Mountain Chicken Recovery Programme and the Dominica Sperm Whale Project. Another goal is to be reliant on renewable energy by 2030.
Three real examples of what Dominica is doing to ensure a climate-resilient future
1. Introducing eco-luxury resorts and sustainable practices
Places like Jungle Bay Resort, Sanctuary Rainforest Eco Resort & Spa, and Secret Bay have been built sustainably with every effort being made to consider the environment. For example, Secret Bay sustainably sources tropical hardwood for its villas. Many of the hotels also run on solar power, use eco-friendly crockery, cutlery, and glassware, and have a zero-waste policy.
Jungle Bay maintains a significant commitment to sustainable tourism in Dominica. The resort’s design and operations are in line with responsible tourism and environmental awareness. When it comes to real estate investment, every single project approved by the CBI is guaranteed to be constructed using only sustainable practices.
2. The Climate Resilience Execution Agency for Dominica (CREAD)
Launched in 2018, CREAD exists to achieve Dominica’s goal of climate resilience through coordinating strategic activities across various sectors. CREAD focuses on six result areas, namely;
- strong communities
- a robust economy
- well-planned and durable infrastructure
- enhanced collective consciousness
- strengthened institutional systems
- and protected and sustainably leveraged natural and unique assets.
Dominica welcomes all who are willing to be a part of this journey of recovery, restoration, and resiliency.
3. Dominica’s CBI and its contribution to their Sustainable Development Goals
Dominica’s Citizenship by Investment Programme has been instrumental in the achievement of many of the Sustainable Development Goals due to its extensive funding of important projects. CBI funding has made way for the building of over 1000 hurricane-resilient homes and over EC$175 million from CBI funding has been poured into water sources. Dredge rivers in 11 locations received additional funding to mitigate the risk of future flooding.
Prime Minister Roosevelt Skerrit has commended the CBI programme for assisting the tourism sector:
“Thanks to the real estate arm of the Citizenship by Investment Programme, Dominica is becoming increasingly known for its luxury tourism offering. Under the Citizenship by Investment Programme, investors looking to expand their real estate portfolio have the opportunity to invest in established luxury hotel brands and villas.”
Dominica’s actions have proven that they are serious about creating a climate-resilient future. It’s the perfect country for any discerning individual who is looking to invest in a climate-conscious country.
Dominica’s Citizenship by Investment Programme has also, unsurprisingly, been ranked as the number one CBI initiative for six consecutive years by the CBI Index. If you’re interested in hearing more about Dominica Citizenship by Investment, and the numerous benefits it offers, we encourage you to speak to one of our specialists at your earliest convenience.