This website is part of the M.A.D. Urban Network.

Mongolia elected as member of CIFs steering council

Share on Pinterest
Share with your friends



Mongolia has been elected as one of the member states of the Steering Council of the Climate Investment Funds (CIFs) during the CIFs Partnership Forum took place June 23-24 in Montego Bay, Jamaica.

The forum was organized by the World Bank Group, and it covered areas like knowledge and learning on low carbon, climate resilient development and a key meeting place for climate change champions from around the world.

As of present, the CIFs has collected money of USD 8.8 billion, and the capital is being spent for low-income and developing countries. The CIFs Partnership Forum decided to give a non-refundable aid of USD 300 thousand to Mongolia for working out an investment plan for renewable energy after being involved in the list of countries to implement projects in frames of the Scaling-Up Renewable Energy Program (SREP).

Approved in 2009, the SREP is aimed at demonstrating the economic, social and environmental viability of low carbon development pathways in the energy sector by creating new economic opportunities and increasing energy access through the use of renewable energy.


SOURCE: Montsame

Previous Post
Memorandum signed to erect solar energy station
Next Post
Night patrol tracks down Tuul River polluters

You might also like

More Story
Memorandum signed to erect solar energy station
  The Ministry of Energy will cooperate with South Korean companies in renewable energy sector in frames of the "Gobitech...