With a power score of 2.23, Mongolia ranks number 33 among Emerging markets and number 13 in the Asia-Pacific region.
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Mongolia has a power score of 2.23, which puts it at rank 33 in the Emerging Markets power ranking. The power score of Mongolia is higher than the average of 2.17 in the Asia-Pacific region.
In the chart above all geographies within the region are arranged by power score from left to right. The circles are sized based on the population.
Mongolia implements policies in 5/8 categories tracked by Climatescope; Renewable energy target, Feed-in tariff/premium (utility-scale), Support for customer-sited generation (rooftop and self-consumption), Tax incentives, and REC'S - Renewable Energy Certificates
The average electricity price in Mongolia has increased from ~$46/MWh in 2023 to ~$82/MWh in 2024. Since 2019, the average electricity price in Mongolia has fluctuated between ~$46/MWh in 2023 and ~$82/MWh in 2024.
The top amount of capacity installed in Mongolia in 2024 was in Coal at 1.32GW, up from 1.26GW in 2023.
The technology with the largest share of electricity generated in Mongolia in 2024 was Coal at 7.93TWh, down from 8.53TWh in 2023.
Investment in clean energy in Mongolia was around $30.06M in 2024. This amounts to an increase of around 115% from $14.00M in 2023.
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This is the 14th edition of Climatescope, BloombergNEF’s annual assessment of energy transition opportunities in emerging markets. It highlights how the energy transition is progressing in these markets and how they are harnessing the transition to boost attractiveness to outside investors.
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