Mongolia has significant wind and solar energy potential, yet as of 2023, renewable electricity production was about 9% of the total energy mix, well below estimated global average of 30% in 2023, highlighting the need for increased development and investment in this sector. Meanwhile, the country imported about 22% of its electricity from Russia and China in 2023.

Mongolia aims for 30% renewable energy capacity by 2030, reflecting the country’s commitment to transitioning to a low-carbon, green economy.

This brief gives an overview of Mongolia’s renewable energy policy landscape, highlighting related legislation and the financing for renewable energy projects. It also delves into renewable energy regulation, as well as some of the social dynamics in the sector, such as the wide gender gap in its workforce.