Mr. Batbold.S, Governor of Capital City and Mayor
Post# of 22456
“Mongolia is one of the most vulnerable countries to climate change due to its geographic location and severe weather conditions. Heavy dependence on fossil fuels, with less than 5% of the country’s electricity being derived from renewable sources, are key challenges we need to address. Energy in Mongolia is expected to quadruple by 2030 due to population growth, rural to urban migration and economic growth. To pursue a green economy with economic growth, social inclusiveness and environmental sustainability, Ulaanbaatar city gives a pioneering role to the buildings sector in the green transition. This year, Ulaanbaatar city aims to implement thermal retrofitting and green building projects with the private sector. Ulaanbaatar city’s participation in BEA platform will enable us to share technical knowledge and adopt best practices.”
Global building energy demand can be reduced by one-third by 2050 using commercially available technologies and today's best practice. In emerging markets, investments in green buildings offer enormous potential: $16 trillion by 2030 in East Asia and the Pacific alone, according to the IFC. But coordination and action is needed to capitalize on the opportunity. At the SEforALL Forum, a BEA workshop with cities and investors explored how cities can prepare projects for private sector investments.
Nice work Chess!