First annual green financing forum takes place
First annual green financing forum takes place.
First annual green financing forum takes place. The First Annual Green Financing Forum took place under a theme ‘Turn opportunities into reality’ and it aims to present the Mongolia’s green development policy, its support and global trend of the green development to businessmen, to reduce energy consumption, to provide businessmen with necessary information for starting up environmentally-friendly business, to introduce to them some opportunities for overcoming financial difficulties and to propose solutions. The related minister made the opening remarks, saying that consequences from natural disasters are affecting the people, especially, those who are living in vulnerable condition, because of an increasing frequency of disasters caused by the climate change. So, it is now vital to overcome natural disasters with less damage by correctly forecasting possible occurrence and to get adapted to the ongoing climate change, she said.
She noted some efforts are being done to get partner with financing organizations within the Paris Agreement after Mongolia joined the Agreement last year. Since the Ministry of Environment and Tourism has been cooperating with the Green Climate Fund at the UN Framework Convention on Climate Change, several draft projects have been formulated on developing the energy, infrastructure and agricultural sectors in connection with the climate change adaptation policy.
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