On December 19, 2017, GGGI Mongolia organized a Climate Investment Partnership Forum. The main objective of the Forum was to facilitate potential investment partnerships between public and private sectors for implementation of the UB City NDC and its investment plan by presenting selected pipeline projects.
In September 2016, Mongolia ratified its Nationally Determined Contributions (NDCs) to the Paris Agreement on Climate Change in accordance with the Green Development Policy (2014) and its Action Plan (2016). Mongolia’s overall commitment is to reduce 14% of greenhouse gas emissions (GHG) by 2030 compared to Business-As-Usual (BAU). UB City’s contribution to GHG reduction is estimated at 5%, 6% and 7% by 2020, 2025 and 2030 respectively. Mongolia estimates that it will require approximately USD 3.4 billion in investments in mitigation measures alone to meet its climate action pledges. The Government of Mongolia projected that some of the required financing needs will be sought from private sector sources by strengthening effective public private partnerships.
Participants: Ulaanbaatar Capital City Municipality, private sector representatives (local and international), potential investors
Organizers: Ulaanbaatar City – Industry Development and Innovation department, Education Department, Environmental Department, Policy Planning Department and GGGI.
The Main discussing points:
- Ulaanbaatar City’s NDC and action/implementation plan
- Ulaanbaatar City’s short, mid and long-term investment plan and pipeline projects
- ESCO development in China
- Green Inclusive education building PPP
- Residential building thermal retrofitting project
Total of 15 delegates from China attended the forum and shared China`s experience on ESCO development.
Romain Brillie, GGGI Mongolia Country Representative said, “I believe the presence of numerous private sector representatives demonstrates the potential that such partnerships have, to help Mongolia build vital infrastructure, while making way towards its GHG emissions reduction targets”.
Mr. Battulga Erkhemebayar, Director of Environmental Department of Ulaanbaatar Capital city said in his opening speech, “As a benefit of GGGI assistance, Ulaanbaatar developed its adaptation, mitigation and investment plan for climate change and determined its contribution in reduction of GHG emissions”.
As an outcome of this Climate Investment Partnership forum, UB City will continuously and successfully keep its leadership and commitment in collaboration with GGGI and other domestic and international stakeholders to increase investment in green infrastructure, prepare energy efficiency projects for residential and public education buildings, and enhance public and private capital flows.