Can Mongolia achieve net zero by 2050?

Transitioning away from fossil fuels in energy systems, in a just, orderly, and equitable manner is crucial. To accelerate action in this critical decade and to achieve net zero by 2050, it would require tripling the renewable energy capacity and doubling the global rate of energy efficiency by 2030. Mongolia’s clean energy landscape

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.

What are the challenges facing Mongolia in 2023?

However, challenges remain. Mongolia's economy is heavily reliant on the production of coal, which contributed significantly to its export revenue in 2023, and 90% to its power generation needs. The power generation is state owned and highly subsidized.

How much money does Mongolia need to achieve the SDGs?

According to UNDP’s report on Mongolia’s spending need for achieving SDGs, Mongolia needs to spend additional 2.1% of nominal GDP on average annually until 2030 to realize the SDG7 on clean and affordable energy, which means it will require substantial investment both foreign and domestic.

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.