Mongolia and the US Hold Dialogue on Investment in Clean and Renewable Energy
Last Updated on October 6, 2024 2:57 am
Mongolia and the United States of America held an Energy Dialogue on October 1, 2024, at the Ministry of Foreign Affairs of Mongolia in Ulaanbaatar.
The dialogue was attended by State Secretary of the Ministry of Foreign Affairs Munkhtushig Lhanaajav, State Secretary of the Ministry of Energy Tavinbekh Nansal, and Acting State Secretary of the Ministry of Industry and Mineral Resources Javkhlanbaatar Sereeter from the Mongolian side and a delegation from the Bureau of Energy Resources, led by Deputy Assistant Secretary of Energy Diplomacy Kimberly Harrington, and Ambassador of the US to Mongolia Richard Buangan from the US side and other officials.
During the dialogue, the representatives of the two parties had discussions on attracting more energy investment in clean and renewable energy fields in Mongolia, the key issues facing Mongolia’s critical minerals sector, building on the Mongolia-US Memorandum of Understanding on Critical Minerals, that was signed in Ulaanbaatar last year.
Deputy Assistant Secretary for Energy Diplomacy at the U.S. Department of State Kimmy Harrington said, “My visit follows the visits of several senior U.S. government officials over the past year to Mongolia, including Undersecretary Jose W. Fernandez, who came here about a year ago and signed a Memorandum of Understanding on Critical Minerals Cooperation. I also joined a meeting with Foreign Minister Battsetseg in Washington, D.C. several months ago. That was a high-level dialogue. During that discussion, we decided to have another energy dialogue between our two governments.”
“I know just from being here for a couple of days you are very blessed with incredible wind and solar resources…We are doing some technical assistance with the government of Mongolia to help better map out the critical mineral resources in Mongolia.”
“We do these dialogues in about 20 countries around the world, where we feel like we have strategic energy partnerships, and Mongolia is among them…In almost all of these dialogues, we always include a 1.5 element, meaning we include the private sector in some of the discussions, to facilitate discussions and dialogue between the private sector and the government on issues related to the clean energy transition, how to attract and how to maintain the best quality investment from around the world. So, we are looking forward to that,” noted Deputy Assistant Secretary Kimmy Harrington.
At the Energy Dialogue, the US Ambassador Richard Buangan emphasized in his remarks, “Mongolia has an incredible chance to lead this region in renewable energy and green technology. While progress in the past sometimes seemed slow, this new coalition government has shown that Mongolia is ready to do the work necessary and make the tough decisions needed to transition from the unsustainable coal-burning plants of the past to the renewables of the future.”
“Since my arrival in Mongolia as Ambassador in 2022, I have watched our bilateral relationship grow in very key critical areas. In 2023, we signed the Open Skies agreement and currently the Mongolian Civil Aviation Authority and our Federal Aviation Authority are working together to safely conduct direct flights as soon as possible. As Deputy Assistant Secretary Harrington mentioned, last year we signed an MOU on critical minerals that has led to multiple technical assistance programs between the United States and Mongolia in an effort to help improve Mongolia’s mining law and supply chains.”
“Mongolia needs clean, sustainable, and predictable energy in order to continue its development and attract investments both from foreigners and from Mongolians. This has to be a private-sector-led effort. It can only succeed if it is sustained and driven by the private sector, with the Mongolian government protecting and nurturing. So, we will explore how the United States can continue to work together with Mongolia to achieve its energy goals. Energy security is national security. It is very important for Mongolia to fully embrace, and the United States stands behind you as a partner.
Mongolia’s ability to unlock its vast potential in critical minerals will help fuel the renewable energy transition, both here and throughout the world. That is why we are dedicated to finding creative solutions to help Mongolia attract private investment and sustainable growth in the critical minerals sector… Energy is a core component of our bilateral engagement, and it will continue to be so.,” highlighted the U.S. Ambassador.