LONDON–(BUSINESS WIRE)–On Thursday, the US National Oceanic and Atmospheric Administration
announced that at
least two category-three hurricanes may form in the Atlantic this
year. An article
published on Monday by the Guardian drew attention to the imminent
hurricane season that affects the US and the Caribbean every year.
Meanwhile, the Commonwealth of Dominica has been systematically
preparing to withstand category-five hurricanes for two years.
The small Caribbean island was severely affected by Hurricane Maria in
2017. Dominican Prime Minister Roosevelt Skerrit pledged to make it “the
world’s first climate-resilient nation”. Instead of rebuilding on flat
shores, the government relocated some of the population to higher ground
and has built public homes that abide by the Build-Back-Better code.
This is known as the Housing Revolution and is fully funded by the
island’s Citizenship
by Investment (CBI) Programme. By allowing highly vetted individuals
and their immediate relatives to obtain its valuable citizenship,
Dominica is able to fund many resilience-building initiatives. A
US$16.5-million investment has been made from the CBI Programme to
kickstart the construction of a 7MW geothermal plant that would provide
almost all Dominicans with clean energy, with potential to export it to
neighbouring countries. This would help halve reliance on fossil fuels,
thus slightly reducing the warming atmosphere that exacerbate hurricane
development in the Atlantic.
Local businesses were instrumental in helping sustainably recover the
natural surroundings and supporting local communities post-Maria. Hotels
and resorts in Dominica are focused on ecotourism and built within
nature, displaying climate resilience in hospitality at its best. All ecotourism
resorts and hotels operate under Dominica’s CBI Programme. For a
share worth at least US$200,000, a reputable foreign investor could
receive the island’s citizenship, which the Financial
Times ranks as the best in the world.
Marine health is also high on Dominica’s priority list. It banned all
single-use plastic, instituted three
marine reserves and systematically educates about marine
environment. Despite being in good health in Dominican waters, coral
reefs – natural buffers for hurricanes – are said to disappear
almost entirely if water temperatures rise by 2 degrees Celsius.
Scientists claim local solutions are temporary and that water
temperatures must be tackled globally.
CS Global Partners is the international legal advisory mandated by
the Government to promote the Citizenship by Investment Programme
worldwide.
Contacts
Paul Singh
[email protected]
+(44)2073184343
www.csglobalpartners.com
