Dejemos de quemar dinero

The report argues that the Dominican Republic can eliminate its annual US$2 billion electricity subsidy by investing 2.5 to 3 years' worth of those funds (US$4.5 to US$6 billion) into rooftop solar installations. Using a blended finance approach—combining government grants with local loans—the model aims to reduce household electricity costs by up to 90% over time while ending the government's reliance on volatile fossil fuel expenditures.

• The Dominican Republic government spends approximately US$2 billion annually on electricity subsidies to mitigate fuel costs, representing 11% of its 2023 annual budget to support nearly 2.8 million households.
• A proposed blended finance model suggests that investing between US$4.5 billion and US$6 billion (equivalent to 2.5 to 3 years of subsidies) into rooftop solar for residential homes and small businesses could permanently eliminate the need for electricity subsidies.
• For a typical low-to-middle income household consuming 200 kWh/month, a rooftop solar system costing US$2,400—funded by a US$1,330 government grant and a US$1,070 loan—could reduce electricity costs by 15-25% during the loan repayment period and by 90% once the loan is paid off.
• The 'RD 100% Renovable' coalition, which includes the government and local entities, has committed to installing 600 MW of rooftop solar in the Dominican Republic using this blended finance model, targeting 200,000 households and small businesses.

APA

Ogden, L., & Lainfiesta, M. (2023). Dejemos de quemar dinero. RMI. https://rmi.org/app/uploads/2023/02/dejemos_de_quemar_dinero.pdf

Chicago

Ogden, Lillie, and Max Lainfiesta. Dejemos de quemar dinero. RMI, 2023. https://rmi.org/app/uploads/2023/02/dejemos_de_quemar_dinero.pdf.

Wikipedia

{{cite report |last1=Ogden |first1=Lillie |last2=Lainfiesta |first2=Max |title=Dejemos de quemar dinero |publisher=RMI |date=February 2023 |url=https://rmi.org/app/uploads/2023/02/dejemos_de_quemar_dinero.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{ogden2023dejemos, author = {Ogden, Lillie and Lainfiesta, Max}, title = {{Dejemos de quemar dinero}}, institution = {RMI}, year = {2023}, month = feb, url = {https://rmi.org/app/uploads/2023/02/dejemos_de_quemar_dinero.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }