Small is Powerful: Local green enterprises - how to finance a powerful catalyst for change
Our case studies explore how to unlock the power of local green businesses for global sustainable development
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Decades of economic dependence on dirty industry and mining has left Mongolia an unequal and polluted society. A third of the population remains below the poverty line, and the citizens of Ulaanbaatar breathe air that is five times dirtier than Beijing’s.
Happily, the country is also a textbook example of the promises and opportunities of the green transition. The country’s rolling steppes and deserts are perfect for wind and solar, with a vast estimated potential of 2.6TW – as much as the entire energy demand of the United States. Recognising this, Mongolia was the first country to sign up to the UN’s Partnership for Action on the Green Economy (PAGE), and investments in the clean economy are already creating new green jobs and sustainable growth.
Our partners the Economic Policy & Competitiveness Research Centre (EPCRC) are helping lead the way. Running the GEC’s Mongolian dialogue hub, they’re bringing together networks of civil society, business and government to:
“Mongolia is transitioning towards a green economy – a process we’ve proudly supported for a number of years, and one we’re excited to be able to progress further in partnership with the GEC.”