Mongolia's energy sector: time for a rethink
Publisher: CEE Bankwatch Network
Volume: 40 pages, pdf
Description:
Also known as the “Saudi Arabia of Central Asia”, Mongolia is rich in gold, silver, copper and coal reserves. But the heavy foreign investments into mining have not put the country on a path towards sustainable development, especially for the nomad population of Mongolia that is reliant on pasture land and groundwater. Instead it has brought increasing dependence of the country’s economy on volatile commodity markets and foreign investments, and existential threats to one of the last nomad populations from the South Gobi desert as a result of the degradation of pasture land and huge losses to the biodiversity in the same region.