Ulaanbaatar
Mongolia to Establish an Ecolabelling System
Economy
Ulaanbaatar, November 28, 2024 /MONTSAME/. Ahead of the Mongolian Sustainable Finance Forum-2024, organized under the auspices of the President of Mongolia, a business meeting on the theme “The Path to a Green and Circular Economy: International Experience and Cooperation” took place on November 27, 2024, at the “Ulaanbaatar Gallery.”
The first national
business meeting on the establishment of an eco-labeling system in Mongolia, or
a system for conducting and certifying environmentally friendly production, was
jointly organized by the Office of the President of Mongolia, the Mongolian Sustainable Finance Association, “People in Need” NGO, and Khaan Bank.
As a guest speaker for the meeting, Gareth Johnston, Secretary of Global Ecolabelling Network (GEN) shared international experience and the importance of eco-labeling and potential. GEN is a leading network of the world’s credible ecolabels that covers more than 60 countries and 40 members around the world.
The
participants of the meeting highlighted a national strategy of Mongolia to reduce greenhouse gas
emissions by 22.7 percent by 2030, noting that greenhouse gas emissions from
industries account for a significant portion of this pollution. Therefore, shifting
industries to a circular or environmentally friendly model,
which would be a major step towards achieving this
goal was a focal point of the meeting.
Internationally,
industries that have implemented environmentally friendly practices such as
saving water and energy, reducing waste, sorting, and recycling can obtain an “Eco-Label” by becoming certified according to standards. This would be a
marketing tool that helps consumers recognize the value of the products, as
well as providing a guarantee for obtaining green financing and launching
products in the global market, emphasized Mr. Gareth Johnston.
According to GEN Secretary Gareth Johnston, the importance of “Eco-Label” in accelerating sustainable development in the world includes:
• Determining
environmental impact through “Eco Label”,
• Supporting
sustainable and green government procurement,
• Mutual recognition of “Eco Labels” and boosting foreign trade and exports through the label.
Mongolia is taking phased
actions to establish this scheme
and five
sets of national standards were approved in October 2024.
