Energy Minister participates in the Second Ministerial Conference of the Belt and Road initiative

Densmaa 2021-10-20 02:10

Politics

Energy Minister Tavinbekh delivered a speech online to the Second Belt and Road Energy Ministerial Conference which is convening under the theme “Join Hands Towards a Greener and More Inclusive Energy

Energy Minister Tavinbekh delivered a speech online to the Second Belt and Road Energy Ministerial Conference which is convening under the theme “Join Hands Towards a Greener and More Inclusive Energy Future”. The Minister informed that the Government of Mongolia is pursuing the “Vision 2050” policy document which included such important goals as achieving a sustainable environment, and mitigating climate change risks. Moreover, he noted the government’s plan to increase the share of renewable energy in the installed capacity of the country’s energy system to 30 per cent by 2030. In order to achieve the aforementioned goal, Mongolia will implement, jointly with its neighbour countries, such infrastructure projects as the cross-border power transmission lines and the natural gas pipeline. Minister Tavinbekh also emphasized multilateral cooperation opportunities, within the “Belt and Road” energy initiative, in supplying the growing energy demand in Northeast Asia, increasing the renewable energy share in the regional energy mix, and jointly utilizing vast renewable energy resources of the Gobi region. The Ministerial Conference approved the terms of reference of the “Belt and Road Energy Partnership” and officially launched the “Qingdao Initiative Belt and Road Green Energy Cooperation”. By the way, this conference took place in Qingdao city of China, from 18 to 19 this month.