DR could be more energy efficient

[NewsWhore]

Dr. Johanna Mendelson-Forman, Senior Associate at the Center for Strategic and International Studies (CSIS), said that the DR's transport sector could cut almost half of the imported petroleum it uses, estimated at 40% of the total, with the development of a renewable energy sector. However, she dismissed the possibility of sugar cane production for the extraction of ethanol, saying that this was just a case of propaganda. She added that the development of renewable energy sector could almost completely reduce the DR's dependency on imported fuels. She urged the move towards renewable energy because of the absence of petroleum sources in the country. She also highlighted the cleanliness of renewable energies. She commended the Law for the Incentives for the Development of Renewable Energies that take 5% of the collection of taxes on hydrocarbons, which goes to a renewable energy fund. This will raise some US$200 million per year. Mendelson-Forman added that the law guarantees tax exemptions for all renewable energy machines and accessories imported by companies or individuals, as well as tax exemptions for companies that install renewable energy systems or produce bio-fuels.

More... (http://www.dr1.com/index.html#7)