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.
Mongolia
-
Publication dateObjective
-
Publication dateObjectiveSectors
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.
-
-
Publication dateObjective
Following the Paris Agreement, the Climate Technology Centre & Network (CTCN) and the Technology Executive Committee (TEC) emphasized a focus on enhancement of endogenous capacities and technologies, RD&D, and climate technology financing. Both arms of the UNFCCC Technology Mechanism were represented at an event on climate technologies on 19 May at the UN climate change conference in Bonn to provide an overview of technology transfer in both the policy and implementation arenas.
-
Type of National planObjectiveMitigationSectorsCountryMongolia
-
Type of National planObjectiveMitigationSectorsCountryMongolia
-
Type of National planObjectiveMitigationSectorsCountryMongolia
-
Publication dateObjectiveSectorsApproach
Communities have coped for millennia through extremes of flood and drought by cooperatively managing shared natural resources, and by cultivating a variety of robust, indigenous crop types that can survive a range of conditions. Knowledge and use of diverse plant types - either planted or foraged - could be key to survival as climate extremes widen. Pasture degradation is very serious and widespread in Mongolia. The problem has been aggravated by three severe winters (1999-2001) characterized by heavy accumulations of snow or ice crusts on pastures.
-
Type of National planCountryMongolia
In its INDC, Mongolia has outlined a series of policies and measures that the country commits to implement up to 2030, in the energy, industry, agriculture and waste sectors. The expected mitigation impact of these policies and measures will be a 14% reduction in total national GHG emissions excluding Land use, land use change and forestry (LULUCF) by 2030, compared to the projected emissions under a business as usual scenario. The INDC also includes an Annex on adaptation.
-
Type of National planObjectiveAdaptationSectorsCountryMongolia