Costa Rica reported on Tuesday that it will provide technical training on the financial mechanisms it has implemented for the preservation of the natural heritage of coral reefs in the Dominican Republic.
The Costa Rican Ministry of Environment and Energy said that the initiative seeks to develop a tool for the conservation of coral reefs in the Dominican Republic, as well as to transfer the experience of coral gardening with the involvement of the Dominican private sector.
“Costa Rica has made significant efforts through various fiscal mechanisms.We went from the most orthodox subsidies, to fiscal incentives and from there we made the leap towards forest conservation and use certificates, to end up in the valuation and payment system.
for environmental services, “said Deputy Minister of Water and Mares, Haydée Rodríguez. According to experience, the Government’s resources are not sufficient for the recovery of degraded reefs and for the protection of degraded reefs. For this reason, it is imperative to create new financing mechanisms that promote a greater commitment of the civil society and the productive sectors, in the conservation actions of these ecosystems.
“While we have been successful with the conservation and sustainable use of marine resources, our greatest interest in Costa Rica is to know novel financial mechanisms and be able to apply science to promote greater involvement of civil society and productive sectors in conservation actions, “said the director of Coastal and Marine Affairs of the Ministry of the Environment and Natural Resources of the Dominican Republic, Nina Lisenko.
Coral reefs are one of the most biodiverse and productive ecosystems in the world. This type of ecosystem is vital for many ecological processes that occur in the coastal, intertidal and marine areas.
Among them, they help to reduce erosion and produce the sand that forms the beaches, stabilize the coast, offer shelter, food and protection to a wide variety of species, and are barriers that break natural waves and provide recreational spaces.
On the other hand, the main ecosystem services offered by coral reefs include providing food and resources to more than 500 million people around the world.
This initiative is carried out within the framework of the triangular cooperation project implemented by the Governments of Costa Rica, the Dominican Republic and Germany, through the German Cooperation for Development, GIZ.
According to data from the GIZ, in the Dominican Republic coral reefs provide benefits estimated at more than 1,140 million dollars per year on the coasts of Punta Cana, Samaná and Bayahibe.