According to bank documents, one-half of Mongolia’s population lives in Ulaanbaatar, where more than 60% of residents live in the surrounding ger(peri-urban) areas, many of whom migrated to Ulaanbaatar in response to climate change-driven livelihood disruptions. Faced with extremely low winter temperatures and challenging economic conditions, these residents burn low-grade coal and rubbish in inefficient cook stoves for heating, with dire consequences for health and the environment. There is a need to improve access to affordable financing for energy efficient (EE) solutions that improve health and wellbeing without placing an undue financial burden on households.
Further, it will impact an estimated 15,278 direct beneficiaries and drive an estimated CO2 emissions reduction of 469,574 tCO2e over its 10-year lifetime, contributing to Mongolia’s 2030 targets of a 14% reduction in national GHG emissions and a 40% reduction in building heat loss.
Project Contact for XacBank LLC:
Tel: +976 7577 1888 (ext.707)
Telephone No.: +976 7577 1888 (ext.703)
Project Contact for Ministry of Environment and Tourism:
Mr. Batjargal Zamba
Telephone No.: +976 7000 0743
Ms. Dolgorsuren Saruul
Telephone No.: +976 7000 0753
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