IIEC completed a project to provide advisory services on Climate Finance in Mongolia. The project focused on the development of a medium-size building project to be implemented over a period of 40 months with the support of the United Nations Development Programme (UNDP) and Global Environment Facility (GEF).
IIEC’s key activities included:
- Conducting a review of the financial options available to support scaled-up climate change mitigation actions and energy efficient technology applications in Mongolia’s buildings/construction sector. The review covered:
- International best practices for financing climate change mitigation actions that are applicable to Mongolia’s political, socioeconomic and environmental context, including green building standards, and green premium and investment needs; and
- Past, ongoing and anticipated relevant financial options with details of technical and financial support programmes, funding sources, budgets and key lessons.
- Proposing feasible options for financial mechanism(s) to support the implementation of scaled-up mitigation action/NAMAs in the construction/buildings sector in Mongolia. The options addressed capital requirements and potential funding sources, design elements, institutional arrangements, and stakeholders engagement plans.
Occular inspection of newly constructed residential buildings outside Ulaanbataar City to assess feasible options to support implementation of scaled up mitigation action/NAMAs in the construction/buildings sector in Mongolia
- Developing a financial plan to support the detailed design of the construction sector NAMA and monitoring, reporting, and verification (MRV) framework.
- Formulating a project plan comprising outputs, activities, indicators, and a budget that will be supported through UNDP/GEF assistance.
- Preparing Terms of Reference for financial experts required during project implementation.