Starting from 2020, Mongolia will spend two percent of the country’s GDP on investment for developing the green economy. The national green development policy is being implemented in two stages: from 2014 to 2021, and from 2021 to 2030.

With the United Nations defining the main tools to reach sustainable development goals as the green economy, Mongolia approved the Green Development Policy document in 2014, and its implementation plan in 2016.

“Production of renewable energy takes 18 percent of the total energy being produced nationwide’ said T.Bulgan, Head of Green Development Policy Department at the Ministry of Environment and Tourism at ‘Green Economy and Modelling’ forum. The forum was held on 4 December.