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Mongolia has 170 billion tonnes of coal energy reserves. Of this, 6 million tonnes of coal is used for domestic consumption. On top of that, there are also large reserves of solar and wind energy.
Foreign researchers have determined that Mongolia's Gobi region can produce 7 trillion kilowatts of renewable energy per year. They see opportunities for regional cooperation and energy exports with Mongolia. As a result, Mongolia has the opportunity to use renewable energy to develop its energy sector and earn a large amount of foreign exchange.
Mongolia's southern and northern neighbors are among the top five emitters of greenhouse gases, which are the main cause of global warming. At the top of the list, China has set a target to reduce greenhouse gas emissions by 40-45%. In the case of Mongolia, greenhouse gas emissions are lower compared to other countries, but per capita emissions are high.
It is expected that by 2030, a 14% reduction in greenhouse gas emissions will be addressed through the introduction of new technologies in the energy sector. The UN Resident Coordinator in Mongolia, Tapan Mishra, stressed that policies conducive to foreign investors, in addition to the involvement of the private sector, international organizations, and scientists and researchers in the field, are the most important to advance this work.