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SUMMIT CONCEPT

From November 30 to December 12, 2023, the "28th Conference of the Parties to the United Nations Framework Convention on Climate Change" took place in Dubai, UAE. This summit focused on accelerating global climate action, highlighting the crucial role of energy transition in achieving climate resilience. At this conference, President U. Khurelsukh reaffirmed Energy Transition: Accelerating the shift towards renewable energy sources to reduce reliance on fossil fuels and mitigate climate change and iterated the nation's target of achieving net-zero greenhouse gas emissions by 2050 through robust renewable energy initiatives and a comprehensive National Adaptation Plan[1].

Mongolia's "Vision-2050" underscores the significance of expanding renewable energy to bolster the Northeast Asian energy market and enhance the competitiveness of Mongolia's energy sector. The current renewable energy contribution to Mongolia's energy supply is 18.9%, with 8.1% of electricity generated from renewable sources. Although progress has been made, there is a pressing need to elevate these figures to meet both national and international climate goals.

Addressing the challenges posed by outdated energy governance and insufficient tariff regulations, the annual International Energy Summit now emphasizes "Just Transition" to support a stable, diversified, and modern energy sector. This involves collaborative efforts between government bodies and the private sector to ensure a smooth transition towards sustainable energy practices.

Just Transition is a critical component of global efforts to combat climate change while ensuring social and economic justice. By integrating the principles of just transition into energy and climate policies, countries can promote sustainable development, protect workers and communities, and achieve a fair and equitable transition to a green economy. The International New Energy Summit 2024 will further these discussions, focusing on practical solutions and collaborative efforts to implement just transition frameworks effectively.

 

 

[1] COP 28, UNFCCC 2023

 

The primary aim of the International New Energy Summit 2024 is to advance the domestic renewable energy sector by fostering sustainable, reliable, and technologically advanced energy solutions. This year's theme, "Just Transition," focuses on ensuring that the shift to renewable energy is equitable, inclusive, and beneficial to all segments of society. Key objectives include enhancing energy efficiency, promoting public awareness, and encouraging the adoption of innovative technologies.

Mongolia seeks substantial international support and cooperation to bolster regional energy security, significantly reduce greenhouse gas emissions in Northeast Asia, and achieve sustainable development goals. 

This summit aims to create a platform for dialogue and collaboration, ensuring that the transition to a renewable energy future is just, inclusive, and sustainable for all.

Policies and solution

  • Just Transition in the energy sector
  • Market reforms and energy sector planning
  • Gender equality and social inclusion in energy
  • Energy efficiency and demand-side management
  • Capacity green building for green jobs and new skills
  • Carbon Markets and Green Investment
  • Decent Work and Economic Opportunities
  • Regional energy cooperation: Energy Cooperation and Integration of Southeast Asian and East Asian Countries
  • Phasing out fossil fuels 
  • Environmental Sustainability
  • Mitigating air pollution and health impacts

Technologies

  • High-capacity battery storage
  • Hydroelectric and geothermal power
  • Hydrogen fuel and coal bed methane (CBM)
  • Modernization of transmission and distribution networks
  • Microgrids and regions without greenhouse gas emissions
  • Artificial intelligence in energy sector
  • Solar and wind power advancements
  • Heat supply solutions without greenhouse gas emissions
  • Integrating renewable energy into existing grids

New markets and investments

  • Financing mechanisms for zero-emission energy
  • Carbon credits and market development
  • Renewable energy certification
  • Investment policies and tariff innovations
  • Energy storage solutions and investment opportunities

The conference is attended by over six hundred international and high-level local guests representing the following organizations:

Local Entities

Ministry of Energy and related agencies

Minister of Urban Development, Construction, and Housing of Mongolia

Ministry of Environment and Tourism

Energy Regulatory Commission

Provincial and Capital City Governor's Offices

Embassies, NGOs, and commercial banks

Universities and research institutions

International Entities

International organizations (e.g., IRENA, GWEC, GGGI, REN21)

International banks and investors

Energy project developers and equipment manufacturers

Researchers and stakeholders in the Northeast Asian Electricity Cooperation Initiative (e.g., GEIDCO, KEPCO, Soft Bank)

MAIN ORGANIZERS

Mongolian Renewables Industries Association

Mongolian Renewables Industries Association” is a non-profit and membership-oriented organization that has been established in April 2017 to support the rapid growth of environmentally friendly, clean and renewable energy. The association will resolve its funding by acquiring individuals and organizations as members that conduct works in the renewable energy sector and retrieving membership payment as well as arrange conferences and seminars.

U.S. Agency for International Development (USAID) Mongolia

On behalf of the American people, we promote and demonstrate democratic values abroad, and advance a free, peaceful, and prosperous world. In support of America's foreign policy, the U.S. Agency for International Development leads the U.S. Government's international development and disaster assistance through partnerships and investments that save lives, reduce poverty, strengthen democratic governance, and help people emerge from humanitarian crises and progress beyond assistance.

GIZ Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH

About GIZ We work to shape a future worth living around the world. This is GIZ’s vision and long-term goal. GIZ provides tailor-made, cost-efficient and effective services for sustainable development. 

CO-ORGANIZERS

British Embassy Ulaanbaatar

The British Embassy in Mongolia maintains and develops relations between the UK and Mongolia. Through our Embassy in Ulaanbaatar we support a range of British interests. These include upholding democratic values, trade and investment, supporting an open society, protecting climate and biodiversity, cultural promotion and strengthening education partnerships. We also provide consular services and assistance for British citizens, unrepresented Commonwealth citizens and some EU nationals.

Joint Crediting Mechanism (JCM)

The JCM facilitates diffusion of leading decarbonizing technologies, products, systems, services, and infrastructure as well as implementation of mitigation actions, and contributes to sustainable development of Mongolia. It appropriately evaluates contributions from Japan to GHG emission reductions or removals in a quantitative manner, and Japan uses them to achieve its NDC.

SPONSORS