How can Mongolia achieve a brighter and greener future?

By harnessing its rich renewable resources and implementing inclusive policies, Mongolia can secure a brighter, greener future for all its citizens. The UNDP remains committed to supporting Mongolia in this vital transition, ensuring that the shift to clean energy benefits everyone, leaving no one behind.

How much gas is produced in Mongolia?

Aside from a handful of exploratory coal-bed methane projects, and preliminary discussions of hydrogen-based power-to-gas, there is very little gas production in Mongolia, and no sizable gas lobby (Mongolian Nature and Environment Consortium 2014; Pilcher et al. 2013; Stryi-Hipp 2018).

Why is Mongolia unable to finance renewable power projects?

Partly, this has to do with the government’s failure to honor past renewable Power Purchase Agreements, which has raised the cost of borrowing from international lenders and banks due to perceived country risk. Mongolian banks, meanwhile, lack the capital to finance these projects.

What is the largest coal-fired electric plant in Mongolia?

Built in the 1980s, CHP#4 is the largest coal-fired thermal electric plant in Mongolia, with a design capacity of 580 MW. It supplies about 70% of the electricity and more than 60% of the heat for the city (Yokogawa Electric Corporation 2014).

Is Mongolia a good place to mine coal?

Still, while coal is cheap and plentiful, mining is largely driven by international demand. In 2016, Mongolia produced 35.1 million tons of coal, and exported 25.8 million tons to China (Mineral Resources and Petroleum Authority of Mongolia 2017).

How can Mongolia succeed in a green transition?

Another key area that Mongolia needs to start prioritizing for it to succeed in its just energy transition is to equip its workforce with skills needed in the emerging green transition through various capacity building and education programs.