Global Green Growth Institute
room 19F Jeongdong Bldg., 21-15 Jeongdong-gil, Jung-gu Seoul 04518
arrow_back See all Activities

Readiness Support Program for Enhancing the Access to Green Finance in Mongolia

IATI Identifier:

Published on IATI
  • date_range Jul 27, 2017 - Jul 31, 2018
  • autorenew Closed (Status)

Mongolia has made commitments to increase renewable energy generation and improve urban planning and resilience in its National Green Development Policy (NGDP) and Action Plan, Nationally Determined Contributions (NDCs) and Sustainable Development Vision 2030. While the supporting policy environment has improved, implementation and financing to address these challenges remain well below the levels needed to transition to inclusive green growth. Mongolia’s energy sector is highly dependent on fossil fuels with over 90% of heating and electricity derived from coal. The resulting soil and air pollution is particularly acute in the peri-urban areas of Ulaanbaatar and other secondary cities, where poverty exceeds the national average. Given the current impacts of weak commodities prices and low investment, a stretched government budget reduces the ability to introduce many of the intended green development measures.

more_horiz
Sectors:
  • Environmental policy and administrative management

  • Reporting Organisation

Participating Organisations

Global Green Growth Institute Multilateral Implementing
Green Climate Fund Multilateral Funding
Green Climate Fund Multilateral Funding

Transaction

Transaction Value Provider
Receiver
Type Date
Not Available Provider N/A Receiver N/A
date_range
Not Available Provider N/A Receiver N/A
date_range
Not Available Provider N/A Receiver N/A
date_range
Not Available Provider N/A Receiver N/A
date_range

Budget

379,395 USD
  • 299,779 USD (Valued at Dec 31, 2018)
    date_range Jan 01, 2018 - Dec 31, 2018
  • 79,616 USD (Valued at Jan 01, 2017)
    date_range Jan 01, 2017 - Dec 31, 2017
access_time Updated on Jul 07, 2021 01:36:44