Mongolia becomes member committee of World Energy Council
Mongolia becomes a member committee of World Energy Council.
Mongolia becomes a member committee of World Energy Council. The Mongolian member committee hosted by the Mongolian Federation of Engineering Organizations aims to promote and support safe, affordable, and reliable energy transformation in the region. As part of its work, it will provide a platform for all stakeholders to discuss and work on the future of energy while representing the Mongolian perspective within national, regional and global energy debates. Mongolia currently ranks at 94 among 130 countries on the World Energy Council’s 2015 Energy Trilemma Index and achieves an energy balance score of BCD, with 90% of its population having access to electricity. The Index measures countries’ energy sustainability performance based on the three pillars of the trilemma including energy security, energy equity, and environmental sustainability. A recent report by the International Renewables Agency suggested that Mongolia’s mostly untapped renewable resources could be used to kick-start a major cross border power corridor between Russia, Mongolia, China, South Korea and Japan. Excellent solar and wind resources in the Gobi Desert have a vast renewable energy potential of 2.6TW. Mongolia’s installed power-generation capacity is currently made up of just 7% from renewables, mainly from hydropower. However, the government has set a target of 20% renewable by 2023 and 30% by 2030.
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