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.
The United Nations Framework Convention on Climate Change (UNFCCC) is an international treaty negotiated at the United Nations Conference on Environment and Development, held in Rio de Janeiro from 3 to 14 June 1992 and entered into force in 1994. UNFCCC and its Kyoto Protocol which entered into force in 2005 serve as a main legal framework for actions on mitigating global warming and adapting to its adverse 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.
The Government of Japan launched the Gr(JCM) under the United Nations Framework Convention on Climate Change. It is regarded as one of the cooperative approaches stipulated in Article 6 of the Paris Agreement. It describes the framework
Strengthen the institutional and technical capacity of Mongolia’s government at both the national and the local levels to advance the process to formulate and implement NAPs as a vehicle towards climate-resilient development.
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 Trade and Development Bank of Mongolia (TDB Mongolia) is a national private sector entity based in Mongolia with a vision to become a leading financial institution in the country. TDB Mongolia, a dedicated, trusted and responsible financial partner to its stakeholders in pursuit of sustainable financial well-being, develops and provides demand-driven and valuable financial solutions for corporates, small and medium-sized enterprises and retail customers.
XacBank LLC (XacBank), is a national private sector entity in Mongolia. The entity serves clients from individuals and micro, small and medium sized enterprises to Mongolia’s largest corporations with a full spectrum of inclusive banking, fair investment and other financial products and services.
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