CLIMATE ACTION
- Supporting transition to a low‑carbon economy: The high cost of fossil fuel imports and the direct consequences of its usage on climate change have made the advancement of renewable energy projects a priority for the Government of the Dominican Republic. The country has committed to reducing its greenhouse gas emissions (“GHG”) by one third before 2030 (using 2010 data as benchmark) and has set national targets to increase the contribution of renewable energy sources in electricity generation to 25% by 2025 (18% in 2021)1 .
- Diversifying sources of electricity generation: The majority of the Dominican Republic’s electricity generation is produced from fossil fuels (40% natural gas, 31% coal and 11% fuel oil), and the rest is generated through hydro (8%), wind and solar plants (10%)2. The deployment of new renewable energy plants contributes to increasing domestic electricity production, in the long‑term contributing to the reduction of electricity costs and higher energy security. The Maranatha project will increase the supply of clean energy to the East grid of the country, contributing to the decrease of fossil fuel use and imports. This will result in estimated 20,800 tons of GHG emissions avoided annually over the two construction phases of the project