The textual content of the next assertion was launched by the Governments of the US of America and Mongolia following the profitable conclusion of the second U.S.-Mongolia Power Dialogue.
Delegations from the US and Mongolia met in Ulaanbaatar for the second U.S.-Mongolia Power Dialogue on October 1, 2024. The Division of State’s Bureau of Power Assets (ENR) Deputy Assistant Secretary Kimberly D. Harrington and State Secretary of the Ministry of International Affairs of Mongolia Munkhtushig Lkhanaajav led the delegations. From the U.S. aspect, representatives of the U.S. Company for Worldwide Improvement and the American Chamber of Commerce (AmCham) in Mongolia attended the dialogue. From the Mongolian aspect, representatives of the Ministry of Power, the Ministry of Trade and Mineral Assets, and personal entities attended. The 2 sides mentioned ongoing bilateral cooperation within the areas of vitality and significant minerals and explored alternatives for future collaboration.
The delegations mentioned priorities for continued bilateral vitality cooperation, together with modernization of electrical energy transmission and distribution infrastructure; energy market improvement; rising coverage and regulatory instruments that may assist the clear vitality transition by stimulating personal sector funding; advancing the event of vital minerals; and assist for deepening ladies’s participation within the vitality sector.
The US and Mongolia highlighted the Mongolia Electrical energy Regulatory Partnership established three years in the past in collaboration with ENR’s Energy Sector Program (PSP) and the Nationwide Affiliation of Regulatory Utility Commissioners to strengthen the Mongolian Power Regulatory Fee’s capability to develop a steady, environment friendly, clear, and aggressive vitality sector. They mentioned the way forward for superior clear vitality applied sciences, in addition to how finest to leverage Mongolia’s huge photo voltaic and wind sources to assist its vitality safety and the clear vitality transition. Each nations reaffirmed their shared dedication to submitting bold 1.5c-aligned Nationally Decided Contributions (NDCs) and International Methane Pledge.
The 2 sides additionally mentioned priorities for continued cooperation on vital minerals following the signing of a Memorandum of Understanding on June 27, 2023, by U.S. Below Secretary of State for Financial Progress, Power and the Atmosphere Jose W. Fernandez and Minister of Mining and Heavy Trade of Mongolia Ganbaatar Jambal. Within the framework of the MOU, the events mentioned alternatives to encourage personal sector funding and involvement and to strengthen Mongolia’s vitality and mining rules in keeping with robust environmental, social, and governance (ESG) ideas and Mongolia’s implementation of the Extractive Industries Transparency Initiative (EITI) Commonplace.
They additional highlighted current bilateral cooperation in Mongolia’s mineral useful resource sector supported by ENR’s Power and Mineral Governance Program, together with two workshops in Mongolia led by the U.S. Business Regulation Improvement Program centered on using main authorized and regulatory practices to advertise accountable personal sector funding in Mongolia’s mining sector. Mongolia and the US mentioned future cooperation to assist the Mongolian authorities enhance its mining funding competitiveness and entice accountable funding choices.
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