Ulaanbaatar
L.Oyun-Erdene: The government will fully support instruments to increase green financing
National Movements | One Billion Trees
Ulaanbaatar /MONTSAME/. L. Oyun-Erdene, Prime Minister and Chairman
of the National Committee in charge of climate change and
reduction of desertification, gave a keynote speech at the opening of the
panel discussion ‘Green Finance-Regional Forum’ being organized as part of the series
of discussions ahead of the Mongolia Economic Forum 2022.
In his speech, PM Oyun-Erdene expressed confidence that the forum
would approve the national roadmap for sustainable financing within the
framework of ‘New Revival Policy’, issue final recommendations for presentation
at the plenary session of the Mongolia Economic Forum 2022, and play an important
role in elevating the public-private partnerships against climate change to a
new level.
He stressed, “In Mongolia, the frequency of natural
disasters has doubled, 76 percent of the total territory has been struck by desertification,
and 90 percent of pastures are at the risk of desertification. In addition, the
country is among the 20 countries with the lowest water resources. The indication
is worsening every year. The truth is that climate change is not only a
developmental but also a life-limiting factor.
That’s why the Green Development Revival is a component of the
‘New Revival Policy’ of Mongolia, which aims to lay the foundation for the
successful implementation of the ‘Vision-2050’ long-term development policy,
remove the barriers to the development, and expand the economy.”
In his speech, the PM emphasized that our country is
committed to contributing to global cooperation in the fight against climate
change, and has the opportunity to cooperate closely with international
organizations, development countries and the private sector within this
framework.
The PM stated that within the New Revival Policy, the
Government will provide all-round support for the increase of capital flows for
sustainable and green development and the successful introduction of financing
instruments such as Green Financing, Green Sustainable Loans, Green Sustainable
Bonds, Green Insurance, and Green Fintech in Mongolia.
As the Prime Minister of Mongolia and Chairman of the National
Committee in charge of climate change and reduction of desertification,
he said that he would work for the full realization of the ‘Green Development
Revival’ and make a real contribution to the great deeds of mankind for the
Mother Earth.
