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BARCELONA, Sept 1 (Thomson Reuters Foundation) - After oil prices hit a record high in July 2008, the tiny Pacific nation of the Marshall Islands was forced to declare an economic emergency since around 90 percent of its energy needs were met by imported petroleum products.
The fuel price shock was a major incentive for the low-lying island country to reduce its reliance on diesel and other fossil fuels, and expand renewable energy instead.
Source: Thomas Reuters Foundation
