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Climate and Energy

Joint Crediting Mechanism (JCM) and project financing (JCM side event)

The Institute for Global Environmental Strategies (IGES) and the Ministry of Environment and Tourism of Mongolia co-organized the “Joint Crediting Mechanism (JCM) and Project Financing” side event at the International New Energy Summit on 23 May 2019 in Ulaanbaatar, Mongolia. In addition, IGES researchers also participated in panel discussions and made a presentation regarding renewable energy trends and JCM contribution to Mongolian renewable energy sector.

Summary

Aiming to further disseminate low carbon technologies in Mongolia, the JCM side event was held in Ulaanbaatar, Mongolia during the International New Energy Summit on 23 May 2019. The Summit was supported by the Ministry of Environment and Tourism of Mongolia and organized by the Mongolian Renewables Industries Association. A special envoy of Mongolia on Climate Change, Dr. Batjargal Zamba, gave a presentation about Mongolian NDC targets and appropriate actions to raise their ambitions in the energy, industry, agriculture, and waste sectors. IGES researchers made a presentation on “Green Growth: Renewable energy”, which highlighted global renewable energy trends and JCM’s contributions to Mongolian renewable energy growth. At the panel discussion government officials from relevant ministries and agencies, international organizations including IGES, representatives from NGOs, and private sectors representatives who work in the renewable energy industry, actively discussed the world energy transition, Mongolia’s actions related to the Paris Agreement, and associated challenges and opportunities in Mongolia.

The objective of the JCM side event was to enhance understanding of relevant policies for the implementation of JCM projects, including the JCM financing scheme, and to share experiences about the projects. An IGES researcher made a presentation titled “Update on the JCM and Financing Program”, to explain financial support and potential JCM projects in energy efficient and renewable energy areas in Mongolia. The Overseas Environmental Cooperation Center of Japan (OECC) introduced JCM project findings and key points of project development. The JCM Secretariat of Mongolia and the local project participant, Solar Power International LCC, also shared their experiences of JCM project application processes and project operations, and expressed their interest in facilitating further project development in Mongolia. Around 50 participants representing the private sector attended the JCM side event and were actively involved in the discussion about future development of JCM projects in Mongolia.

Date 23 May 2019
Venue Corporate Hotel and Convention Center, 5th floor, Seoul room, (Mahatma Gandhi St 39, Ulaanbaatar city, Mongolia)
Organisers Institute for Global Environmental Strategies (IGES)
Ministry of Environment and Tourism, Mongolia (MET)
Language English and Mongolian
Number of participants Approx.50 (side event) Approx. 170 (Forum)
Programme Side event Agenda(161KB)
Summit Agenda(201KB)
Photo

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