Economic Assessment of the Decarbonization of the Electric Sector in the Dominican Republic

Project description

The study, developed by Climate Lead Group (CLG), focuses on transitioning to a renewable, resilient, and low-emission electricity system, analyzing future scenarios through an exploratory model of the electricity subsector. The Robust Decision-Making (RDM) method is employed, combining statistical analysis with a participatory process that included consultative workshops and bilateral meetings with over 70 key stakeholders. Key findings highlight the viability and competitiveness of renewable technologies, such as solar photovoltaic and wind, as well as the need for energy storage systems to support these intermittent sources. Additionally, the socioeconomic costs of the transition are assessed, including the reduction of coal dependency and associated benefits, such as job creation and improved energy sovereignty. The main outcome of the study is a detailed roadmap for decarbonizing the electricity subsector, encompassing policy, technical, and financial recommendations to achieve NDC targets and advance toward carbon neutrality. This work not only provides critical inputs for the country’s energy planning but also offers a replicable model for other nations facing similar challenges in transitioning to cleaner and more sustainable energy systems.