Ulaanbaatar, 18 April 2023
To obtain valuable feedback from relevant parties, a stakeholder consultation was held on the Concept Note prepared by the Trade Development Bank of Mongolia's Climate 30+ Initiative: Green Recovery Program for Mongolian Corporates, with a focus on investment in energy efficiency measure in the industrial sector.
This proposal is developed for the Green Climate Fund (GCF), with inputs and technical assistance from the NDC Action Project. The overall aim is to promote transformational change in Mongolia by stimulating private-sector investments in energy efficiency, encouraging the adoption of corporate climate governance and fostering public-private policy-level dialogue to address immediate and long-term climate challenges.
Various stakeholder groups, including funding mechanisms, government agencies, and industry players, participated in the consultation. Ms. Choikhand Janchivlamdan, the GCF Focal Point, stated in her opening remarks that private sector participation is critical in the fight against climate change and emphasized the importance of this proposal for achieving Mongolia's NDC.
During the consultations, participants discussed and gave feedback on various aspects of the Concept Note, such as the mechanism for channeling GCF investments directly to client corporates through a performance-based loan, the potential impacts and implementation strategies.
The input received from the consultation will be utilized to improve the Concept Note and ensure that it aligns with the requirements and expectations of all stakeholders.
Mr. Tsedenjav Zandanbazar, Director General of the Energy Conservation Department of the Energy Regulatory Commission, expressed his willingness to support this initiative.
Overall, the workshop participants expressed satisfaction with the event organisation, level of engagement and the chance to contribute to the project's development.
