Renewable Energy: A Business Opportunity for the Private Sector in the Dominican Republic

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Renewable Energy: A Business Opportunity for the Private Sector in the Dominican Republic

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Renewable Energy: A BusinessOpportunity for the Private Sectorin the Dominican Republic

High Employment • Affordable Energy • Climate Neutrality • Strong Economy

A Vision for 2030

A Call for National PrivateLeadership on Climate

Renewable Energy: A Business Opportunity for the Private Sector in the Dominican Republic

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About Romana Sostenible

Romana Sostenible is a non-profit organization founded in 2007 with themission of advancing sustainable development in the DominicanRepublic. The organization’s strategy is to increase awareness and buildcapacity within the population, work with the governments and theprivate sector to incentivize sustainable practices and technologies, andbuild grassroots support for long-term sustainability.The author of this report, Carlos Rymer, is the Renewable EnergyDirector and leads the Renewable Energy Committee. Rymer is a studentat Cornell University studying sustainable development, a leader of theglobal youth climate movement, and a native of La Romana, DominicanRepublic.To learn more about Romana Sostenible, please visitwww.romanasostenible.org.Author’s Contact:Carlos RymerUS: 551-556-0189DR: 809-272-2101E-mail:carlos.rymer@gmail.com

Renewable Energy: A Business Opportunity for the Private Sector in the Dominican Republic

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Table of Contents

Summary…………………………………………………………………….. 3Renewable Energy Resolution………………………………………………. 4Climate Change Risks……………………………………………………….. 6The Global Renewable Energy Markets…………..………………………… 91.Biodiesel……………………………………………………………... 102.Biomass…………………………………………………………….... 113.Ethanol………………………………………………………………. 124.Hydro………………………………………………………………... 135.Solar…………………………………………………………………. 146.Wind…………………………………………………………………. 16Government Incentives and Regulatory Framework……………………….. 181.Renewable Electricity……………………………………………….. 182.Renewable Fuels…………………………………………………….. 19Status of the Private Sectors…………….………………………………...... 20Costs and Benefits of Climate Neutral Target……………………………… 21The Business Opportunity: Repeating History……………………………… 26Acting Now To Secure 2030 Vision………………………………………… 271.Renewable Energy Capital Fund……………………………………... 272.Public-Private Training Program…………………………………….. 28

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Renewable Energy Land-Use Assessment…………………………… 28Conclusion…………………………………………………………………… 29

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