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SANTO DOMINGO.- The regulation to apply the Renewable Energies Incentive Legislation 57-07 has been in the National Palace for more than two weeks awaiting review before president Leonel Fernandez signs it into Law.
This regulation had to be ready on November 30 and National Energy Commission president Arístides Fernandez Zucco, who drafted the bill, met the deadline, but it has yet to take effect.
Interested sectors were asked to suggest any modifications on the document, while the CNE has requests for US$800 million worth of investment in renewable energy projects.
In fact the CNE president will formally announce those investments at 10 a.m. today, although none of them would materialize without securing the legislation’s tax exemptions.
On November 15 Fernandez announced the Power Contingency Plan as one his administration’s most important efforts to save energy, but already two and-a-half months have passed since that speech and the legislation still lacks a regulatory factor to apply it.
Afterwards Industry and Commerce minister Melanio Paredes also said the regulation was ready and that the chief executive would possibly take advantage of the First International Energy Week staged in the country last week to sign the regulation, which didn’t happen either.
Fernandez Zucco, interviewed by the newspaper Listin Diario, said he sent the regulation to Executive Branch Legal adviser Cesar Pina more than two weeks, but that it was still under review.
He said he would meet with Pina on Monday, in an effort to get the bill singed into Law as soon as possible, in order to take advantage of the renewable energy projects by local and international investors.
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So, the $800 million is nothing but a welfare handout to the DR bourgeosie and the foreign imperialists who are expected to "invest" THEIR money in renewable energy projects.
The DR state would do better if it retained its own environmental experts at home and abroad and "invested" government funds in renewable energy projects of its own choosing.
With " local and international investors" calling the shots, the state provides the capital for the investors to invest. If the projects are successful, the state and others, at market prices, buy from the "investors" services and goods that state funds produced. Capitalism is theft.
The proposed law smells of IMF imperialist pressure which promotes private sector "growth."
US$800 million of "growth."
Wind, water, geothermal, and solar renewable energy projects are growing in number and size, but they are still a long way behind ethanol in importance.
DR has tremendous propects for sugar-based ethanol production. But corn-based production, which is strongly promoted by the US imperialists, will cause or intensify famine in the DR.
From the above "Today" article, the state clearly hesitates to sign the $800 bill.
Mostly likely, the mix of different kinds of projects is not quite right as well as the investment mechanism for the projects being rigged in favor of the greedy bourgeoisie.
Why not just take your shoe off and bang it on the table for attention?
Your "Let the Government do ALL" philosophy is so full of holes as to be hilarious.
There MUST be a surplus of natural resources within a nation in order to support such a scheme and the DR is GROSSLY deficient in such resources. Don't you, in your zeal, see that? If you don't, then YOU are deficient in both common sense AND in intelectuality. Suffice to say, you have a severe problem with "TUNNEL VISION" in your view of reality.
TB