Energy efficiency for businesses

Energy efficiency

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Energy efficiency for businesses
Energy efficiency for businesses
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Renewable Resources and Alternative Energy
Alternative Energy
Business Model Description

Innovative products and services with a focus on digitalization and good environmental practices that promote energy efficiency through energy audits, training, and consulting, as well as process optimization, use of efficient technology and investment in renewable energy for companies.

Expected Impact

The focus on energy efficiency in Dominican companies drives significant savings, sustainability and contributes to climate change mitigation.

How is this information gathered?
Updated: 4 Jan, 2024 Date of Production: 7 Sep, 2023
Dominican Republic
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
10% - 15% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
USD 100 million - USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
< USD 500,000
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Affordable and Clean Energy (SDG 7)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Gender Equality (SDG 5) Decent Work and Economic Growth (SDG 8) Climate Action (SDG 13)

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Sector Sources
  • 1) CONEP. 2019. Strategic proposals for the development of the Dominican Republic: https://docs.google.com/viewerng/viewer?url=https://conep.org.do/sites/default/files/propuestas-para-el-desarrollo-de-rd-paginas-eliminadas.pdf. 2) MEPYD, 2021. Plan Nacional Plurianual del Sector Publico 2021-2024: https://mepyd.gob.do/wp-content/uploads/drive/DIGEDES/PLAN%20PLURIANUAL%20SECTOR%20PU%CC%81BLICO%202017-2020/PNPSP-Plan%20Nacional%20Plurianual%20del%20Sector%20Pu%CC%81blico.pdf. 3) World Bank. Energy management in the Dominican Republic: https://www.datosmundial.com/america/republica-dominicana/balance-energetico.php. 4) UNDP. 2020. First Biennial Update Report of the Dominican Republic to the United Nations Framework Convention on Climate Change: https://unfccc.int/sites/default/files/resource/Dominican%20Republic-%20BUR1.pdf 5) Energy Transition Project - Promotion of Renewable Energy to Implement Climate Goals in the Dominican Republic: https://transicionenergetica.do/sobre-nosotros/. 6) Presidency of the Dominican Republic. 2021. Government aims for 25% of energy consumption to be renewable by 2025: https://presidencia.gob.do/noticias/gobierno-aspira-que-el-25-del-consumo-de-energia-sea-renovable-en-el-ano-2025 7) ILO and UNDP. 2023. Rapid Situational Assessment on the potential for just transition and green jobs in the Dominican Republic: Rapid Situational Assessment on the potential for just transition and green jobs in the Dominican Republic: United Nations Development Program (undp.org). 8) IDB. 2021. Women, the engine of the energy transition: https://idbinvest.org/es/blog/genero/la-mujer-motor-de-la-transicion-energetica 9) GIZ. 2020. Financing Renewable Energies in the Dominican Republic: https://transicionenergetica.do/wp-content/uploads/2021/03/GIZ_DomRep_Financiamiento-Energ%C3%ADas-Renovables_web.pdf
IOA Sources
  • 9) AEIH, 2013-2014. Report: http://aeih.org.do/wp-content/uploads/2016/03/Memorias-AEIH-2013-2014.pdf 10) MEPYD, April 2022: https://mepyd.gob.do/wp-content/uploads/drive/UAAES/Monitor%20Energetico/Monitor%20Energe%CC%81tico%20abril%202022.pdf?_t=1654716272 11) World Bank, 2017. Energy Efficiency: https://www.bancomundial.org/es/results/2017/12/01/energy-efficiency 12) IDB, 2019. by all means! Electricity in Latin America and the Caribbean 2040: file:///C:/Users/victor.alfonso.rodri/Downloads/A_todas_luces_La_electricidad_en_Am%C3%A9rica_Latina_y_el_Caribe_2040_es_en.pdf. 13) ILO and UNDP, 2023. Rapid Situational Assessment on the potential for just transition and green jobs in the Dominican Republic: Rapid Situational Assessment on the potential for just transition and green jobs in the Dominican Republic | United Nations Development Program (undp.org) 14) Empresas Industriales de Herrera y Provincia Santo Domingo (AEIH), 2015. AIEH presents results of the Energy Efficiency project: https://www.cne.gob.do/noticia/aieh-presenta-resultados-del-proyecto-en-eficiencia-energetica/ 15) National Energy Commission, 2022. National Energy Plan 2022-2036: https://www.cne.gob.do/wp-content/uploads/2022/08/Plan-Energetico-Nacional-WEB-2022.pdf. 16) ILO - CINTERFOR. 2021. República Dominicana: análisis de oferta y demanda de empleo y trazabilidad de egresados Infotep, a partir de bases de datos. https://www.oitcinterfor.org/sites/default/files/file_publicacion/BigData_RepDominicana.pdf 17) UNDP, 2020. First Biennial Update Report of the Dominican Republic to the United Nations Framework Convention on Climate Change: https://unfccc.int/sites/default/files/resource/Dominican%20Republic-%20BUR1.pdf. 18) Presidency of the Dominican Republic, 2023. Decree 158-23 on energy saving and efficiency policy in the public administration: https://presidencia.gob.do/decretos/158-23. 19) IDB. 2016. What are some of the main barriers for energy efficiency programs in the power sector in Latin America? https://www.iadb.org/en/story/what-are-some-main-barriers-energy-efficiency-programs-power-sector-latin-america 20) IRENA. 2018. Global Energy Transformation: A roadmap to 2050. https://www.irena.org/-/media/Files/IRENA/Agency/Publication/2018/Apr/IRENA_Report_GET_2018.pdf 21) IEA (2020), Clean Energy Innovation, IEA, Paris https://www.iea.org/reports/clean-energy-innovation, License: CC BY 4.0 22) UNDP. 2021. UNDP Gender Equality Strategy: 2020 Annual Report. https://www.undp.org/publications/undp-gender-equality-strategy-2020-annual-report 23) MEPyD, 2021. Pluriannual National Public Sector Plan 2021-2024: https://mepyd.gob.do/publicaciones/plan-nacional-plurianual-del-sector-publico-2021-2024/. 24) National Energy Commission, 2022. National Energy Plan 2022-2036: https://www.cne.gob.do/wp-content/uploads/2022/08/Plan-Energetico-Nacional-WEB-2022.pdf. 25) Presidency of the Dominican Republic, 2023. Decree 158-23 on energy saving and efficiency policy in the public administration: https://presidencia.gob.do/decretos/158-23. 26) Law 1-12 on the National Development Strategy 2030: https://mepyd.gob.do/wp-content/uploads/drive/UAAES/END/Informes%20Anuales%20END/end_2030.pdf. 27) General Law on Environment and Natural Resources (64-00): https://observatorioplanificacion.cepal.org/sites/default/files/instrument/files/2000.%20Ley%2064%20General%20sobre%20medio%20ambiente%20y%20recursos%20naturales.pdf 28) Law No. 57-07 on Incentives for the Development of Renewable Energy Sources and their Special Regimes. https://www.hacienda.gob.do/wp-content/uploads/2018/11/Ley-57-07-sobre-Energia-Renovable.pdf 29) General Electricity Law No. 125-01 and its implementing regulations: https://www.sie.gob.do/images/sie-documentos-pdf/leyes/LeyGeneraldeElecctricidadNo.125-01.pdf 30) Decree No. 202-08 which approves the Regulations for the application of Law No. 57-07, on Incentive to the Development of Renewable Energy Sources and its Special Regimes: https://dgii.gov.do/legislacion/reglamentos/Documents/2008/202-08.pdf