Mongolia has vast renewable resources for electricity production which could potentially be exported.
That’s according to a report by the International Renewable Energy Agency (IRENA) and the Ministry of Energy which found that the electricity output from the country’s solar and wind resources alone could reach 15,000 terawatt-hours (TWh) per year.
That’s equivalent to avoiding more than 18 million tonnes of coal, stated The ‘Renewables Readiness Assessment: Mongolia’ report.
Tapping the green sources could boost energy security, reduce pollution, help meet global climate commitments and grow the economy, it added.
Around 7% of installed power generation capacity in the nation comes from green sources.
The country has set a target to increase the amount of renewable power generation capacity to 20% by 2023 and 30% by 2030.
IRENA Director-General Adnan Z. Amin said: “Mongolia has firmly underlined its commitment to green growth and a sustainable energy future, particularly in support of international efforts to address climate change. With abundant solar, wind and hydropower resources, the country possesses the renewable assets to adapt to changing realities such as increased constraints on carbon emissions and to replace its business-as-usual approach with a sustainable development paradigm.”