The issues discussed at this meeting will be discussed at a regular meeting of the National Climate Committee.
The Global Environment Centre Foundation (GEC) as an implementing organization for the Financing Programme for Joint Crediting Mechanism (JCM) Model Projects in FY2021, is soliciting the project proposals for the financing programme. (1) Purpose Japan establishes and implements the Joint Crediting Mechanism (hereinafter referred to as “JCM”) in order both to appropriately evaluate contributions from Japan to GHG emission reductions or removals in a quantitative manner achieved through the diffusion of decarbonizing technologies, products, systems, services, and infrastructure as well as the implementation of mitigation actions in developing countries. Starting from Mongolia in January 2013, Japan has established the JCM with 17 partner countries (Mongolia, Bangladesh, Ethiopia, Kenya, Maldives, Viet Nam, Lao PDR, Indonesia, Costa Rica, Palau, Cambodia, Mexico, Saudi Arabia, Chile, Myanmar, Thailand and Philippine) at this moment. In order to support the implementation of candidate JCM projects, the Ministry of the Environment, Japan (hereinafter referred to as “MOEJ”) has launched the “JCM Model Projects (hereinafter referred to as “model project”),” which includes collaboration with projects supported by the Japan International Cooperation Agency and other governmental-affiliated financial institution. The purpose of this model project is to financially support the implementation of projects which reduce GHG emissions by utilizing leading decarbonizing technologies in developing countries, and in return seek to acquire JCM credits for the achievement of Japan’s GHG emission reduction target. In FY2021, Call for Proposals of Program to Demonstrate Decarbonizing Technology for Realizing Co-Innovation starts at the same time as Financing Programme for JCM Model Projects. If the proposal is considered as appropriate to apply for Co-Innovation in the selection process, applicants will be able to change the application category from JCM Model projects to Co-Innovation even after the submission of a proposal. (2) Who is eligible to submit a proposal? A Japanese entity as a representative participant of an international consortium which is an association (no legal personality) that consists of a Japanese entity and a foreign entity(ies), etc., with the objective of effectively implementing a project. (3) Implementation Period of Model Projects The implementation period of the model projects (i.e
According to the global climate pact, a country’s INDC is converted to a Nationally Determined Contribution (NDC) when it formally joins the Paris Agreement by submitting an instrument of ratification, acceptance, approval or accession, unless a country decides otherwise. NDCs present countries’ efforts to reach the Paris Agreement’s long-term temperature goal of limiting warming to well below 2°C (3.6°F), with efforts to stay below 1.5°C (2.7° F). Even if current commitments are fully implemented, warming is on track to reach 2.7°C to 3.7°C over the course of the century, setting the world on course for dangerous sea level rise, intensified extreme events and other impacts
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.
By 2020, Mongolia is preparing reports to the UNFCCC under the Paris Agreement Enhanced Transparency Framework (ETF) with strengthened agriculture, forestry, and other land use sector components including inventories of emissions sources and sinks and information necessary to track progress against priority actions identified in Mongolia’s NDC for these sectors.
Based on the Copenhagen Accord, the government of Mongolia has submitted Nationally Appropriate Mitigation Action (NAMA) in January 2010. In October 2015, Mongolia submitted its Intended Nationally Determined Contribution (INDC), which then became the country's Nationally Determined Contribution (NDC). Even though the level of greenhouse gas (GHG) emissions remains significantly low in Mongolia, the carbon intensity is particularly high compared to its neighboring developed countries such as Japan and Korea, and mitigation policy in the energy sector is considered to be especially important. Therefore, continuous preparation and improvement of the GHG inventory is expected to contribute to the promotion of appropriate mitigation actions.
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.
As the world’s largest greenhouse gas emitter accounting for approximately 27% of global GHG emissions (excluding LULUCF), China’s actions both at home and abroad have an enormous impact on global greenhouse gas (GHG) emissions. China has policies in place to reach the targets set in its NDC. If reached, they would result in GHG emission levels of roughly 13.7–18.4 GtCO2e/yr in 2030
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
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