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Mongol dream beyond fossil fuels: Prosperity of greenification

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  • Gansukh, Zolboo

Abstract

The current world situation under the coronavirus epidemic puts pressure on the commodity-based economy and signals the need to seek other options for diversifying export products while strengthening regional cooperation. Over the last four months of the epidemic period, Mongolia has temporarily suspended commodity transport to China which takes over 60% of total exports. Moreover, the fossil fuel market is in a critical situation, not only because of the current epidemic but also because the modern world has been gradually moving towards greener development. Today, we face two additional problems: strengthening the economic stability of the country and mitigating greenhouse gas emissions. This article analyses how renewable energy export could stabilize and support the country’s macroeconomic situation. The article proposes using green energy to diversify export options as soon as possible. This research work focused on the Northeast Asian Super Grid Initiative and Gobitec project by reviewing renewable energy impacts in environmental, economic, and social circumstances.

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  • Gansukh, Zolboo, 2021. "Mongol dream beyond fossil fuels: Prosperity of greenification," Renewable Energy, Elsevier, vol. 171(C), pages 95-102.
    • Handle: RePEc:eee:renene:v:171:y:2021:i:c:p:95-102
    DOI: 10.1016/j.renene.2021.02.079
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    Cited by:

    1. Bing Xia & Suocheng Dong & Yu Li & Zehong Li & Dongqi Sun & Wenbiao Zhang & Wenlong Li, 2021. "Evolution Characters and Influencing Factors of Regional Eco-Efficiency in a Developing Country: Evidence from Mongolia," IJERPH, MDPI, vol. 18(20), pages 1-20, October.
    2. Lazo, Joaquín & Aguirre, Gerson & Watts, David, 2022. "An impact study of COVID-19 on the electricity sector: A comprehensive literature review and Ibero-American survey," Renewable and Sustainable Energy Reviews, Elsevier, vol. 158(C).
    3. Zijie Yang & Dong Huang & Yanzhen Wang, 2023. "Measuring the Bilateral Energy Security Cooperation Sustainability between China and Its Neighboring Countries Based on the National Energy Security Level," Sustainability, MDPI, vol. 15(2), pages 1-25, January.

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