Mongolia and the UN Development Program (UNDP) signed a memorandum of understanding aimed at expanding partnerships in the field of use of renewable energy sources (renewable), Montzame reports.
Signatures under the document in Ulan Bator were put by the Minister of Environment and Tourism of Mongolia Bat-Erdena Bat-Wells and the permanent representative of UNDG in Mongolia Matilda Dimovsk.
Memorandum of mutual understanding emphasizes the adherence of the parties to a number of environmental and social initiatives aimed at mitigating the consequences of air pollution, stimulating the consumption of renewables and strengthening the potential of Mongolia to adapt the climate change.
The key initiative in this cooperation is aimed at developing the national structure of the carbon market and relevant regulatory acts aimed at promoting sustainable practices and green development.
It is expected that during the period of the project, greenhouse gas emissions will be reduced, equivalent to 10-20 thousand tons of carbon, and 100 households of the target group will be provided with a new renewable energy source with a capacity of 0.3 MW.
Thus, each household participating in the project will reduce carbon dioxide emissions by 10-20 tons per year, save up to 70 percent of electricity costs, reduce the load on the energy system, will contribute to the transition to environmentally friendly energy, and prevent the occurrence of diseases caused climate change and air pollution.
The Ministry of Environment and Tourism will develop a national regulatory framework for the carbon market and will lead the work on the transition to low-carbon energy in Mongolia.