COP23 / CMP13 / CMA1-2 IETA Side Event. Marshall Islands. Home Energy Efficiency and Renewable Energy Loan Program.

Transcription

1 COP23 / CMP13 / CMA1-2 IETA Side Event Marshall Islands Home Energy Efficiency and Renewable Energy Loan Program 17 November 2017

2 The Republic of the Marshall Islands Population 74,539 (July 2017 ) Area 181 sq km (29 atolls) Capital Majuro Major Languages Marshallese, English GHG Emissions 170,000 tco2e/yr, less than 0.01% of global 2

3 Climate Change Impacts Drought May 2013, Feb 2016 Severe drought damaged agriculture, and health conditions deteriorated King Tides Feb 2011, Mar 2014 Homes damaged Residents evacuated AFP: Giff Johnson 3

4 Marshall Islands Policy 2015 National Energy Policy and Energy Action Plan (2020 Targets) Households and businesses 50% more energy efficient Government buildings 75% more energy efficient Provide 20% of power generation through indigenous renewable resources 4

5 Marshall Islands NDC RMI commits to a quantified economy-wide target to reduce its emissions of greenhouse gases to 32% below 2010 levels by An indicative target to reduce its emissions of GHGs to 45% below 2010 levels by IISD, November

6 Marshall Islands Power Grid Marshall Islands 94% of all electricity generated by grid was from diesel fuel, about 6% from renewable energy. Majuro Generation capacity is MW (4.3% renewable), total electricity generation is 53,540 MWh (0.45% renewable) Average household electricity consumption about 840 kwh per month 66

7 Home Energy Efficiency and Renewable Energy Loan Program Project Location Marshall Islands Purpose Improve energy efficiency of households Generate renewable energy Help meet energy policy and NDC targets Funding US$ 4 million loan by the TaiwanICDF 7

8 Home Energy Efficiency and Renewable Energy Loan Program International Cooperation and Development Fund Republic of the Marshall Islands Ministry of Finance Marshall Islands Development Bank (MIDB) Marshalls Energy Company (MEC) Local Residents Provider of Program Loan Receiver of loan from the TaiwanICDF and provider of subsidiary loan to MIDB Sub-loan applications approval and provision to households Project planning, execution, energy audits Applicants of energy saving and renewable energy subloans 8

9 Stakeholder Consultation Project planning with Ministry of Finance, Marshall Islands Development Bank, Marshalls Energy Company 9

10 Stakeholder Consultation Solicitation of comments from local stakeholders and visiting households 10

11 Home Energy Efficiency and Renewable Energy Loan Program Project Scope At least 200 households Project Activity Free energy audit Replace old appliances (e.g., lighting, television, refrigerator, air conditioners, etc.) to improve energy efficiency Install solar PV system to cover 50% of its electricity demand 11

12 Home Energy Efficiency and Renewable Energy Loan Program Fluorescent tubes T8 T8 LED CFL E27 LED E27 Chest freezer, Refrigerator high efficiency 12

13 Home Energy Efficiency and Renewable Energy Loan Program TV tube type TV LED type Air conditioner high efficiency Solar PV system 13

14 GHG Reduction Methodologies International Financial Institution Framework for a Harmonised Approach to Greenhouse Gas Accounting (October 2015) AMS-II.E. : Energy efficiency and fuel switching measures for buildings (Ver. 10) AMS-I.F. : Renewable electricity generation for captive use and mini-grid (Ver. 3) Installation of, or replacement or retrofit of, existing equipment with energy efficiency measures in residential, commercial or institutional buildings. Construction and operation of a power plant that uses renewable energy sources and supplies electricity to the user(s). 14

15 GHG Emissions Reduction Reduce electricity use from Majuro grid (emission factor = tco 2 /MWh) Energy Efficiency Annual GHG reduction 644 tco 2 e Renewable Energy Annual GHG reduction 348 tco 2 e 15

16 Environmental Benefits Energy Savings Electricity savings 964,800 kwh per year Renewable Energy Generation Produce 520,940 kwh of renewable energy per year GHG Emissions Reduction Reduce 992 tco 2 /yr of greenhouse gas emissions 16

17 Social Benefits Cost savings for households from reducing use of grid electricity Raising awareness of energy efficiency and renewable energy Replacing old appliances to improve quality of life 17

18 Making a sustainable future for the Marshall Islands

19 Home Energy Efficiency and Renewable Energy Loan Program Marshall Islands