Vacancy announcement for consultant service2022-5-17

UNEP is executing the Green Climate Fund (GCF) funded project entitled “Building Capacity to Advance National Adaptation Plan (NAP) Process in Mongolia” .The objective of the NAP project is to strengthen the institutional and technical capacity of Mongolia’s government at both the national and local levels to advance the process to formulate and enhance the long-term implementation of NAP as aligned with the policy and program.

The Climate Change Research and Cooperation Centre under the Ministry of Environment and Tourism organized a workshop on “Climate Finance and Green Climate Fund” on the 10th of March 2022.2022-3-12

The Climate Change Research and Cooperation Centre under the Ministry of Environment and Tourism organized a workshop on “Climate Finance and Green Climate Fund” on the 10th of March 2022.

Announcement for Financial Audit Services for NAP Mongolia project2022-2-22

Mongolia has accessed support under the GCF readiness and preparatory support, and activities are focusing on Establishing and strengthening the National Designated Authority (NDAs) or Focal Point. The project is expected to achieve the following outcomes:

New era of the heating system2021-10-19

The purpose of this short video is to introduce the experience of new advanced technology projects implemented under the framework of improving partial and central heating systems in Mongolia within the framework of international projects and programs and public-private partnerships. This program was created with the support of "Mongolia: Scaling up implementation of low carbon district heating systems" under the GCF Readiness project

Announcement for Financial Audit Services for NAP Mongolia project2021-9-29

Mongolia has accessed support under the GCF readiness and preparatory support, and activities are focusing on Establishing and strengthening the National Designated Authority (NDAs) or Focal Point. The project is expected to achieve the following outcomes:

Green Climate Fund Projects2021-5-1

The NDA/NFP of Mongolia has made a great effort in accessing GCF funding in collaboration with national, regional, and international accredited entities since 2015. As a result, the Fund has approved approximately USD 220 million worth of projects and programmes for Mongolia.

Simplified Approval Process pilot scheme (SAP)2021-1-11

Easier access to GCF resources for smaller scale activities

GCF projects are showing rapid acceleration in implementation2021-1-11

The 21st meeting of the Green Climate Fund (GCF) Board ended today in Bahrain, approving over one billion dollars of new projects and programmes to support climate action in developing countries, and formally launching the Fund’s first replenishment.

International Technical Workshop on Adaptation Rationale being held in Cebu City, PH2018-11-15

Representative of NDA is participating in the International Second Technical workshop for Adaptation Rational in Cebu, Philippines to be organized by GCF from 14 to 16 November, 2018. Participants will include accredited Direct Access Entities (DAEs) focused on adaptation, National Designated Authorities (NDAs) and their delivery partners with approved adaptation planning project with the GCF, as well as experts in climate information, adaptation planning and project design

GCF gives green light to largest climate project to date in EBRD partnership2017-11-14

The Green Climate Fund (GCF) will start funding its largest climate finance investment to date following an agreement signed with the European Bank for Reconstruction and Development (EBRD).

XacBank first Mongolian bank to finance renewable energy2017-11-11

QUICK TAKE – The Green Climate Fund has signed a funding agreement with Mongolian-based Direct Access Accredited Entity XacBank in the country’s first renewable energy project financed by a local bank. GCF can now provide USD 8.7 million in loans, following the signing of a Funded Activity Agreement (FAA) with the Mongolian bank

GCF hails Mongolia partnerships as model for mobilising private capital2017-9-15

Mobilising private sector capital is critical to climate transformation, and GCF’s partnerships in Mongolia demonstrate how the Fund can leverage public funds to engage private investment. This was the message emphasised by Ayaan Adam, Director of GCF’s Private Sector Facility, in a statement to the Mongolian Sustainable Finance Forum on Thursday. ”GCF is providing strong support for developing countries to build their climate capacity and ownership,” stated Ms Adam in her keynote speech. “We are also using public funds to catalyze private players and encouraging their full participation, providing creativity, innovation and massive capital for climate action,” she explained

GCF backs Mongolian forum to open up low-emission, business paths2017-9-5

XacBank, a Green Climate Fund (GCF) Accredited Entity, is helping Mongolia forge a new sustainable phase in its economic growth by holding the bank’s first green finance forum on Wednesday.The one-day event run by XacBank, and supported by GCF, is designed to tap the entrepreneurial energies of the country’s private sector to drive low-emission innovation. It will bring together a range of experts to explore how to reduce greenhouse gas emissions and enhance energy efficiency, while also making Mongolian businesses more competitive.The forum marks a crucial phase in ongoing endeavours by XacBank, one of Mongolia’s major lenders, to carve out a low-carbon energy sector in this landlocked country.In July, GCF completed a USD 20 million transfer of climate finance to XacBank as part of a USD 60 million project to support micro, small and medium-sized enterprises (MSMEs) finance low-carbon initiatives in Mongolia.The bulk of GCF’s support is in the form of loans, with at least half directed at women-led enterprises.Speaking before the first of what XacBank plans to be yearly green finance forums, the bank’s president stressed the important role of Mongolian women in driving low-emission business opportunities.“The increased involvement of women should mean a higher probability of effective climate finance,” said Amar Hanibal

GCF completes USD 20 million transfer to drive clean Mongolian energy sector2017-7-3

The Green Climate Fund is helping Mongolian enterprises kick start a national, low-carbon energy sector with its completion of a USD 20 million funds transfer to a Mongolian bank. The bulk of GCF’s contribution, USD 19.5 million, will allow Mongolia’s XacBank extend loans to micro, small and medium-sized enterprises to break down financial barriers to low-carbon investment. An aversion to the risks of opening new markets means Mongolian entrepreneurs currently lack the necessary commercial finance to carve out new businesses in energy efficiency and renewable energy. This five-year project is being implemented by XacBank, one of Mongolia’s major lenders which became the country’s first and only bank specializing in eco-banking in 2009. At the end of last year, GCF designated XacBank as a direct access Accredited Entity, which propose and implement GCF-financed climate initiatives. “This disbursement marks an important milestone in the continued development of sustainable financing business of XacBank and our cooperation with the Green Climate Fund,” said Amartuvshin Hanibal, President of XacBank. While many Mongolian people currently burn low-quality coal in their homes for heating and cooking, the government is striving to leap frog their landlocked nation into adopting a low-carbon energy sector. In accordance with GCF’s gender focus, at least half of GCF’s loan support in this project will go towards women-led enterprises. “This project will empower women and reduce emissions,” said Ayaan Adam, Director of GCF’s Private Sector Facility

GCF workshop nurtures cross-border ideas2017-5-17

Indonesia can learn from Mongolia’s placement of women-led small businesses on the climate action frontline, according to the representative of a state-owned corporation at a Green Climate Fund workshop.“As many of Indonesia’s smaller industries are run by women, we would benefit from bolstering their ability to deal with climate change,” said Alke Haesra, with PT Sarana Multi Infrastruktur (PT SMI), an Indonesian finance corporation funding infrastructure projects.Mr Haesra said he has learned a lot from other participants during GCF’s Empowering Direct Access workshop, which winds up today.He said he was particularly impressed with a GCF-funded programme run by Mongolia’s XacBank which helps local businesses tap renewable energy and energy efficiency opportunities. At least half of the micro, small and medium-sized enterprises (MSMEs) targeted in this GCF-funded climate finance programme are expected to be run by women.One of the best ways to deal with climate change is to bolster mid-sized and smaller businesses at the same time, added Mr Haesra.“A focus on strengthening smaller enterprises also matches with the Indonesian Government’s current focus on growing MSMEs as the foundation of Indonesia's economy to better protect it from financial crises such as the one that hit Indonesia in 2008,” he said.Mr Haesra has followed GCF’s call during the workshop to learn from others

GCF begins funds transfer to Mongolia’s XacBank2017-5-11

The Green Climate Fund has completed the initial tranche of a USD 20 million financing package to XacBank, a leading lender in Mongolia.A major part of GCF’s opening financial transfer will raise awareness about the potential of tackling climate change in the country’s fledgling low-carbon energy sector. It will help XacBank train entrepreneurs find new business opportunities in this sector and compile a list of best-available technologies in renewable energy and energy efficiency to provide investment assurance.Anand Batsukh, a senior project development officer at XacBank, said GCF assistance will help XacBank complement the Mongolian Government’s efforts to mainstream energy usage as the first step towards boosting energy efficiency and renewable energy.The Mongolian Government is encouraging citizens to derive their energy from electric power grids

Mongolia’s XacBank signs accreditation agreement as GCF Partner2016-12-14

Mongolia’s XacBank today signed an Accreditation Master Agreement (AMA) with the Green Climate Fund, setting out its partnership with GCF to forge low-emissions and climate-resilient development paths in Asia.“There is a big potential in Mongolia for businesses to generate profits by introducing new economically and environmentally sustainable ways of doing things,” said Mr. Amartuvshin Hanibal, President of XacBank on the sidelines of GCF’s 15th Board meeting

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