XacBank, an Accredited Entity of the Green Climate Fund (GCF), seeks to finance the development of scalable mini-grid/off-grid systems that generate and manage energy flows between clusters of adjacent households in Mongolia, Ulaanbaatar’s ger areas. The systems will be capable of serving multiple end uses (heating, waste processing and/or removal) under an affordable business model to alleviate utility inadequacies and pollution challenges.
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Call from XacBank: Energy Efficiency & Renewable Energy Monitoring Best Practices Site Visit and Knowledge SharingType:NewsPublication date:
XacBank is a commercial bank founded in 2001 and headquartered in Ulaanbaatar, Mongolia. XacBank is an accredited entity of the Green Climate Fund (GCF). In one of their approved GCF funding proposals in 2017, the bank expanded Business Loan for GHG Emissions Reduction program, an on-lending program to lessen capital burdens for Mongolian micro, small, and medium-sized enterprises who are investing in energy efficiency or renewable energy technology. As part of the GCF approval, XacBank has prioritized improving internal monitoring and evaluation capacities.
CTCN/GAN webinar: Sustainable Regional Development Model - A community based model for climate change mitigation and adaptationType:WebinarDate and time:Wednesday, July 5, 2017 - Wednesday, July 5, 2017 Europe/CopenhagenOrganiser:
The webinar introduced Green Asia Network’s Sustainable Development Model (SRDM), which is based on the four strategic objectives of the United Nations Convention to Combat Desertification’s (UNCCD).
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In the absence of specific guidelines from the UNFCCC on how to develop NAMAs, implementing organizations, donors, and host countries have been formulating NAMAs in a trial-and-error basis. By extracting lessons from these experiences, the previous version of this guidebook introduced basic elements of NAMAs and also different approaches for NAMA-related decisions.
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Summary of the Joint Crediting Mechanism proposed by the government of Japan through the Ministry of the Environment, Japan (MOEJ).
PFAN Call for Proposals: Project Development and Financing Initiative for Climate & Clean Energy in AsiaType:NewsPublication date:
The Private Financing Advisory Network (PFAN) provides guidance in areas such as economic feasibility, project structure, investment and financing, preparation of the business plan and introductions to investors. PFAN is one of few actors in this space addressing barriers to climate finance at the small and medium enterprises (SME) level in developing countries and emerging economies on demand and supply sides, i.e., shortage of bankable projects on the demand side and ability to assess risk and conservative lending culture on the supply side.
- Type:OrganisationKnowledge partnerCountry of registration:MongoliaRelation to CTCN:Network MemberKnowledge Partner
XacBank is one of Mongolia’s largest systemic banks, serving clients ranging from individuals to SMEs to the largest Mongolian corporations with a range of inclusive banking, investment services and other financial products. The Bank aims to create a sustainable value for its shareholders and institutional investors, while promoting a triple-bottom line vision and mission built around Planet, People and Profit.