学术论文

Green finance burgeoning in emerging markets - Mongolia

发布时间:2022年01月26日         来源:         点击次数: 次         【打印

DISCLAIMER: The analysis and points for discussion of this paper do not necessarily reflect the views of the Tsinghua University, its Executive Board or its subsidiary schools. The points for discussion of the paper are solely the views of the author(s) and do not reflect the views of any government or organization.

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Author: WANG Bolu[1], Nomindari Enkhtur[2], CHEN Yunhan[3]

[1] Corresponding author: Senior Research Fellow at Center for Green Finance Research, The National Institute of Financial Research, Tsinghua University 
wangbl@pbcsf.tsinghua.edu.cn

[2] CEO of the Mongolian Sustainable Finance Association and Portfolio Manager at the UN Joint SDG Fund

[3] Former researcher at Center for Green Finance Research, The National Institute of Financial Research, Tsinghua University
 

The full text of the article, please click the link below: 

https://cloud.tsinghua.edu.cn/f/92f1196603d94fe2b487/

 

Table of Contents


Acknowledgements

The authors would like to thank the Mongolia Sustainable Finance Association for facilitating the field research and coordinating interviews. The authors are grateful for useful information provided by Wenhong Xie, Naidalaa Badrakh and Oyungerel Munkhbat.
 

Executive Summary

The analysis in the paper is based on green finance taxonomies to assess whether acertain economic activity is classified as green. In this paper, a green taxonomy is a sector-based tool that classifies economic and financial activities that make a substantial contribution to sustainable environmental development, and by doing so, defines the boundaries between green and non-greenactivities. Creating a clear categorization system, it improves understandingand communication of green activities for financers, project owners,policy makers, industries, consumers and the wider public.

The Mongolia Green Taxonomy and China’s Green Industry Guidance Catalogue were usedto assess the ‘greenness’ of inbound financial flows to Mongolia. Following theanalysis of the financial sector landscape in Mongolia and foreign financial flows and their level of “greenness”, this paper presents potential investment opportunities that make good economic sense and contribute positively tocountries’ green development agenda.

Considering governments’ commitment to greening their economy, and overall policy frameworks, in Mongolia investment opportunities are emerging in industries such as renewable energy, energy efficiency, green building and housing,pollution control, waste treatment, water conservation, sustainable agriculture and land conservation.

To conclude, given the progress made by Mongolia, and in order to fully realize transformational change towards alow-carbon economy, and direct domestic and foreign capital flows into green investment opportunities, we providesome points for discussion for all stakeholders to consider.
 

Some Figures and Tables

1.1 About Mongolia


1.2 Financial sector overview


1.3 Key sustainability policies and frameworks


1.4 'Greenness' of foreign capital inflows




1.5 Green investment opportunities


1.6 Way forward: points for further discussion

To conclude, given the progress made by Mongolia, and in order to fully realize transformational change towards a low-carbon economy, and direct domestic and foreign capital flows into green investment opportunities, we provide some points for discussion for all stakeholders to consider:

(1) Systemic green finance policies and incentives.

(2) Effective coordination network.

(3) Environmental information disclosure.

(4) Awareness, capacity building and tools to improve capacity.

(5) Collaboration with international organizations and participation in international initiatives on green/sustainable finance.

 

If you have any interesting questions or inquires, please contact
 yangsy@pbcsf.tsinghua.edu.cn 

We are looking forward to your message. 

 

Editor: YANG Suyu