The Marshall Islands energy audits
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This document presents the case for a variety of investments to reduce energy use by onshore tuna processing and service companies in the Marshall Islands. It provides information about the costs, benefits and results from investments identified by audits of the quality and state of plant, equipment and infrastructure, and the related energy consumption of four onshore companies. Practical investment solutions, including the use of renewable energy, were identified to reduce energy costs, with most solutions and improvements requiring investments of between USD 25 000 to USD 1 750 000 and resulting in energy savings of 25-30 percent. Given the savings in energy costs, there is a strong investment case for such investments given short payback periods (months to a few years). The investment case is further supported by the reduced carbon footprint which would result from lower diesel use, potentially increasing interest by investors or corporate donors in investments as part of carbon offset portfolios. Similar audits could be conducted in other small islands developing states (SIDS) in the region, which also face challenges in terms of energy reliability and cost.