Marshall Islands Home Energy Efficiency and Renewable Energy Loan Program
About this report
This report applied the guidelines of the International Financial Institution Framework for Harmonised Approach to Greenhouse Gas Accounting (October 2015) to assess the potential GHG emissions reduction of the Marshall Islands Home Energy Efficiency and Renewable Energy Loan Program.
Project description
The Project is jointly implemented by the International Cooperation and Development Fund (TaiwanICDF) and the government of the Republic of the Marshall Islands (RMI). The methodologies for assessing GHG emissions reduction fall under the UNFCCC Clean Development Mechanism (CDM) sectoral scope classification of Scope 1 Energy industries (renewable- / non-renewable sources) and Scope 3 Energy Demand.
Under the Nationally Determined Contribution (NDC) of the Paris Agreement, RMI commits to a quantified economy-wide target to reduce its emissions of greenhouse gases (GHG) to 32% below 2010 levels by 2025, and an indicative target to reduce its emissions of GHGs to 45% below 2010 levels by 2030. The Project would help MRI meet its GHG reduction targets, as well as improve energy security.
Methodology
Energy Efficiency Measures
AMS-II.E. Energy efficiency and fuel switching measures for buildings (Version 10)
Type II: Energy Efficiency Improvement Project (Small Scale)
Solar PV System Installation
AMS-I.F Renewable electricity generation for captive use and mini-grid (Version 3)
Type I: Renewable Energy Project (Small Scale)
Emissions reduction and Environmental benefits
Energy efficiency measures
The Project aims to help Marshall local household improve energy efficiency by replacing old lighting, CRT TV and video recorder, freezers, refrigerators and air conditioning with energy-efficient ones. It is expcted to result in annual electricity savings of 4,824 kWh for each household. A total of 200 households would have annual energy savings of up to 964,800 kWh. In addition to reducing household electricity costs, the energy savings can also achieve greenhouse gas reduction of 644 tCO2 per year by reducing the fossil fuel usage in the RMI power grid.
Solar PV systems
Based on the installation of rooftop household solar PV system, each household is expected to have a renewable energy capacity of 2.295 kWp, and so each household can generate up to 2,604.7 kWh per year of renewable electricity. A total of 200 households would produce 520,940 kWh per year of renewable energy, and reduce 348 tCO2 per year by reducing the fossil fuel usage in the RMI power grid.