UASD presents conclusions and recommendations Congress on Economy and Energy

The following is a machine translation of a Autonomous University of Santo Domingo release

Santo Domingo, DR The Faculties of Engineering and Architecture (FIA), the Faculty of Economic and Social Sciences (FCES) and the Energy Institute of the Autonomous University of Santo Domingo (UASD), presented the recommendations that emerged from the first Congress of Economy and Energy 2024.

Through a press conference held in the lobby of the auditorium of that academic unit, with the participation of the deans of the FIA, Omar Segura, the vice-dean of FCES, Maribel Lorenzo, the directors of the School of Economics and the Energy Institute, Nicolás Jiménez and José Luis Moreno San Juan, respectively, they announced this Tuesday the conclusions reached from the conclave.

The event, which lasted three years and included the participation of national and international exhibitors, reached the following conclusions and recommendations, among which are: the need to increase solar photovoltaic capacity, tripling the installed capacity by 2025, quintuple that amount by 2030 and triple the capacity by 2040 compared to 2030; as well as tripling it by 2050 compared to 2040.

In addition, the congress spokesmen pointed out that in 2060 with respect to 2050. The goals are summarized in a percentage of participation of renewables under this scheme: 30% for 2030, 40% for 2040, 50% for 2050 and 60% for 2060.

They also stressed that it is necessary to promote electrical interconnections with other countries in the region and immediately complete feasibility studies, promote the use of alternative fuels and increase the use of biomass and solid waste, also encourage a significant increase in the generation capacity based on biomass and solid waste as far as possible, and consider the use of green hydrogen by the end of the next decade by the country's authorities.

They also suggest that the productive apparatus must be oriented towards sustainable consumption patterns, which requires a sustainable economic development plan to improve the quality of employment and promote the production of exportable goods, so that universal access to energy is guaranteed as far as possible, so that all citizens have access to affordable, reliable and modern energy services.

They stressed the urgency of drafting the Nuclear Law to regulate the use of nuclear energy for peaceful purposes in the Dominican Republic

Other conclusions and recommendations included promoting competition in electricity generation, implementing public policies that encourage competition between electricity generating companies through public tenders, and holding competitive auctions to avoid privileges and tenders with preferred actors through competitive auctions for electricity generation.

They proposed defining a strategy to have the possibility of using electro-nuclear energy starting in 2040, in addition to strengthening the Electric Regulator, to avoid conflicts of interest by strengthening the independence of the electric regulator.

In addition, update the role of the Dominican Petroleum Refinery and review and update the role of the refinery to improve the price structure for fuel imports and transportation, renew deficient generating plants and renew those generating plants that are inefficient.

They called for the development of sustainable infrastructure and major investments, including smart grids, efficient public transport and eco-efficient buildings, to reduce carbon emissions and create jobs in green sectors.

Another proposal made by participants in the Economy and Energy conference is the need to promote the use of public transport, creating a well-articulated infrastructure that makes it possible to discourage the use of private vehicles in everyday activities.

During the three days of the Economy and Energy congress, Antonio Almonte, Apolinar Veloz, Balkydia Campusano, Clara Herasme, Dustral Vicioso, Fernando Peña, Gabriel Alonzo, José Luis Moreno and Pavel Isa, among others, spoke.