Mongolia should develop a green economy by using its vast pastures, parliament speaker Damdin Demberel said Tuesday. Speaking at the third Mongolian Economic Forum, Demberel said that it would take a national effort to develop a green economy. He said that Mongolia should protect and utilize its 113 million hectares of pasture in a scientific way.

Apart from developing the mining industry, Demberel said Mongolia should also promote agriculture and animal husbandry in order to build a balanced economy. Experts at the forum said it was important to strengthen the development and use of renewable energy, especially wind and solar power.

Participants at the forum also discussed such issues as the industrialization of natural resources, and the relationship between economic development and poverty reduction.