• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

JPMorgan Chase, Goldman Sachs, Bank of America

July 13, 2026

Ex-PM Rajoy Under Fire for Saying France Soccer Team has ‘No Frenchmen’

July 13, 2026

Syria Arrests ‘ISIS-Linked’ Suspects in Damascus Bombings

July 13, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Monday, July 13
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Texas Hispanics swung hard to Trump. A new poll shows they’re furious at his deportations.

    July 12, 2026

    The high-stakes, battleground Senate race that no one is talking about

    July 12, 2026

    Lindsey Graham’s Passing Is Another Stage In The Death Of Trumpism

    July 12, 2026

    How ICE melted from view at the World Cup

    July 12, 2026

    The secret to becoming a sporting superpower

    July 12, 2026
  • Health

    Eyes On Elevance Health, UnitedHealth For Continued Insurer Rebound

    July 13, 2026

    Kennedy presses ahead with plans to reduce antidepressant use

    July 13, 2026

    Lindsey Graham Cause Of Death, Aortic Dissection. An ER Doc Explains

    July 13, 2026

    Supporting Science Is An Act Of Patriotism

    July 13, 2026

    AAIC 2026: Researchers focus on tau, target blood-brain barrier

    July 12, 2026
  • World

    Syria Arrests ‘ISIS-Linked’ Suspects in Damascus Bombings

    July 13, 2026

    Kim Jong-un Leads Meeting on Growing ‘Quality and Quantity’ of North Korea Nuclear Force

    July 13, 2026

    Iran Ceasefire is Over, But Talks to Continue

    July 13, 2026

    Texas Man Gets 40 Years for Leading Violent Online Child Exploitation Ring

    July 13, 2026

    Colombia’s Incoming Conservative Admin to Close Its Embassy in Cuba

    July 13, 2026
  • Business

    ATF Rule Could Cause Classic Showdown Between Mom And Pop Shops Versus Online Retailers

    July 10, 2026

    Costco Shows That You Can Build A Thriving Business With One Simple Trick (Pay Your Workers)

    July 9, 2026

    The Agency Elizabeth Warren Built Now Advances Trump’s Agenda

    July 9, 2026

    Meta To Shell Out Billions For New AI Data Center Outside US

    July 9, 2026

    How Big Banks Are Scheming To Jack Up Your Fees

    July 8, 2026
  • Finance

    JPMorgan Chase, Goldman Sachs, Bank of America

    July 13, 2026

    Dellia Group mulls options after interest in fruit-snacks firm

    July 13, 2026

    He works two hours a month to make six figures a year — why he says ditching the 9-to-5 is ‘the ultimate power’

    July 13, 2026

    Mark Cuban has strong words on AI companies and job losses

    July 13, 2026

    Spectrum makes significant decision as customer losses mount

    July 13, 2026
  • Tech

    LAPD Cuts Ties with License-Plate Camera Vendor over ‘Who Owns the Data’

    July 12, 2026

    Apple Lawsuit Accuses OpenAI of Stealing Trade Secrets in Massive Scheme

    July 11, 2026

    Bloomberg Claims Startup Co-Founded by Bill Gates’ Daughter Cheats on Sales Credit

    July 11, 2026

    Nobel Prize-Winning Chemist Leaves U.S. to Join Chinese AI Project

    July 11, 2026

    European Commission Finds Meta Violated Digital Services Act with Addictive Design Features

    July 11, 2026
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»Mongolian Policymakers Must Prioritize the Energy Sector in 2024
Finance

Mongolian Policymakers Must Prioritize the Energy Sector in 2024

December 30, 2023No Comments5 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Mongolian Policymakers Must Prioritize the Energy Sector in 2024
Share
Facebook Twitter LinkedIn Pinterest Email

In November 2023, Mongolia experienced days of intermittent energy shortages. To manage the energy demand and prevent power outages, Mongolia’s Energy Regulation Committee imported more energy from Russia and asked people to follow energy-saving practices. In 2024, energy experts and Mongolia’s global partners are urging the Mongolian government to prioritize the energy sector. 

On December 4, after a few days of electricity shortages, the Energy Regulation Committee released a utility report tracking the previous week’s energy usage. It highlighted a peak load of 1493 megawatts (MW) on November 30. Meanwhile, energy imports reached 311 MW. Moreover, in comparing December 3 to the previous year, energy usage had increased from 1421 to 1432 MW, while imports rose from 290 to 293 MW.

The last month has illustrated Mongolia’s energy vulnerability but what upsets the public even more is the Mongolian government’s — current and previous — prolonged poor decision-making, unpreparedness, and incapability of implementing previously proposed or planned energy development projects to improve the situation. 

In an interview with Bloomberg Mongolia, economist Khashchuluun Chuluundorj highlighted decades of failed energy policies. He said, “Even ten years ago, Mongolian policymakers had the prognosis of increasing energy demand. There have been many project proposals and plans, but unfortunately, none of them have been implemented.” Moreover, “in the past 8 years, there hasn’t been any improvement in the energy sector and the Mongolian government needs to prioritize the energy sector in 2024.” 

To many Mongolians, energy shortages and power outages are not new problems. However, this does not mean the country’s 3.4 million people should be complacent with underdevelopment. 

See also  Bill Gross says the 10-year Treasury could test 5% in the short term

The recent energy shortage also stresses Mongolia’s extreme dependence on Russia’s energy supply. It is a wake-up call for Mongolian policymakers to take bold action to diversify energy sources, accelerate renewable energy production, and make it possible for foreign investors to invest in the country’s energy sector. 

On December 13, Mongolian Minister of Energy Choijilsuren Battogtokh announced Russia’s intent to reduce energy supply to Mongolia by half. He said, “As a result, it will not be possible to receive more than 150 MW of energy from Russia. The reason behind this decision is Russia’s aim to prioritize its domestic energy security by reducing energy exports. As part of the plan, there will be a three-hour daily electricity cut in Ulaanbaatar city, six provinces, and 150 soums that are part of the central integrated energy system.” 

Followed by multiple meetings, the Cabinet Secretariat of Mongolia released a statement that reads, “Alexander Alexandrovich Kozlov, the Head of the Russian part of the Intergovernmental Commission of Mongolia and Russia, has announced that there will be no restrictions on electricity supplied from Russia to Mongolia in the near future.” And that “the intergovernmental commission of the two countries will continue to work on this issue, ensuring the smooth supply of electricity. In order to ensure this, Prime Minister L. Oyun-Erdene of Mongolia has instructed Deputy Prime Minister and Minister of Economic Development Ch. Khurelbaatar and Energy Minister B. Choijilsuren to take all necessary measures.” 

Mongolia’s energy sector writ large is directly linked to Moscow’s energy capacity. If and when Moscow decides to prioritize its own domestic needs, Ulaanbaatar must employ a sustainable energy strategy that meets the current energy demand but also secures the future. 

See also  Inspirational Sayings for a Boost of Energy

For decades, Mongolian policymakers have blamed Russia for controlling Mongolia’s energy sector. However, Russia or any other foreign actors are not responsible for renewing, or modernizing Mongolia’s power plants or diversifying energy sources. It has become clear that the Mongolian government, including previous administrations, has long failed to prioritize energy and that is the root cause of the problem. 

Mongolia’s dependency on coal-based energy has been the source of political, social, and health problems. The country’s “coal-fired combined heat and power (CHP) plants constituted 93 percent of total power generation in the country’s Central Energy System (CES), which accommodated more than 80 percent of the domestic demand.” Renewable energy projects and initiatives have been supported by international partners.

Since 2018, the Asian Development Bank (ADB) has supported several renewable energy projects by providing soft loans, and commissioning off-grid renewable hybrid energy systems in Altai province. In September, the ADB and the Mongolian government launched a grid-connected solar photovoltaic power plant in Altai. In addition to the ADB and Japanese investment in renewable energy projects, European partners have shown support for Mongolia’s energy diversification process.  

Also in September, the European Union delegation in Mongolia released an energy report, “Why the Transition to Renewable Energy Should Matter to Mongolia and Mongolians” highlighting the country’s potential in renewable energy. The report, in essence, aimed to motivate the Mongolian government to pay closer attention to its energy sector but also drew realistic, implementable examples from Ireland, Uzbekistan, and Australia as case studies. Moreover, in a recent interview with The Diplomat, U.K. Ambassador to Mongolia Fiona Blyth said she views it as the perfect time for Mongolia to diversify its energy sources, while there is so much support available. 

See also  The Legitimization of Land Grabbing in Uzbekistan’s Cotton Sector 

In response to the global demand for clean energy and critical minerals, Mongolian policymakers have been active but there is room for improvement. Mongolia’s commitment to the Paris Agreement and the U.N. Climate and Clean Air Coalition 2030 are closely linked with Ulaanbaatar’s pursuit of reinvigorating its energy sector. For these mega projects to be successful and fruitful, Mongolia must tackle corruption and strengthen the country’s investor profile. 

As Ulaanbaatar continues to seek outward-led foreign policy, investment in renewable and clean energy technologies is crucial. While Mongolia’s commitment to global initiatives is important in the long run, fulfilling domestic energy needs and securing energy security is a pressing issue for current and future governments. The currently placed energy-saving methods may work in the short run. Still, a strategic energy plan, a cohesive strategy that improves the country’s energy sector has become a dire necessity. 

energy Mongolian policymakers prioritize Sector
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

JPMorgan Chase, Goldman Sachs, Bank of America

July 13, 2026

Dellia Group mulls options after interest in fruit-snacks firm

July 13, 2026

He works two hours a month to make six figures a year — why he says ditching the 9-to-5 is ‘the ultimate power’

July 13, 2026

Mark Cuban has strong words on AI companies and job losses

July 13, 2026
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Experts warn cyber threat was already here

May 8, 2026

‘They Will Juice The Economy’: Former Trump Official Says Fed Will Try To Boost Biden In 2024

December 18, 2023

Goldman and Lander spar hard over Israel

May 27, 2026

Asa Hutchinson clashes with Tucker Carlson on vaccination status

July 15, 2023
Don't Miss

JPMorgan Chase, Goldman Sachs, Bank of America

Finance July 13, 2026

(L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO…

Ex-PM Rajoy Under Fire for Saying France Soccer Team has ‘No Frenchmen’

July 13, 2026

Syria Arrests ‘ISIS-Linked’ Suspects in Damascus Bombings

July 13, 2026

Eyes On Elevance Health, UnitedHealth For Continued Insurer Rebound

July 13, 2026
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,399)
  • Entertainment (5,647)
  • Finance (4,168)
  • Health (2,462)
  • Lifestyle (1,897)
  • Politics (3,861)
  • Sports (4,853)
  • Tech (2,371)
  • Uncategorized (4)
  • World (5,622)
Our Picks

The Geopolitics of Tesla’s China Breakthrough

May 2, 2024

This Philosophy Amazing Grace Set Gives Off a Total Spa Moment

November 1, 2024

Mass Migration Is the ‘Manifestation of Corporate-Government Greed’

June 1, 2023
Popular Posts

JPMorgan Chase, Goldman Sachs, Bank of America

July 13, 2026

Ex-PM Rajoy Under Fire for Saying France Soccer Team has ‘No Frenchmen’

July 13, 2026

Syria Arrests ‘ISIS-Linked’ Suspects in Damascus Bombings

July 13, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.