Effort to Reduce Air Pollution and Greenhouse Gas Emissions
XacBank has been implementing projects to reduce air pollution in Ulaanbaatar as well as to contribute to the climate change mitigation. It started Eco Product Distribution Program in 2009, and has distributed over 143,015 improved heating stoves, 19,850 improved ‘ger’ insulation blankets (for nomadic dwelling) to the ger area households in Ulaanbaatar which covered 80% of households in the capital city. Energy efficient stoves and insulated ger blankets helped the households to reduce its coal consumption by half to heat their homes in the winter. Therefore, low income households were able to generate monthly net savings.
XacBank partnered with MicroEnergy Credits (MEC)[1] to develop and implement this program through United Nations’ Clean Development Mechanism (CDM). MEC is Coordinating Management Entity of CDM, while XacBank is the project owner, originator and implementer of the program. Every year, amount of greenhouse gas emissions achieved from this program are calculated and verified by international auditors.
In order to accurately monitor and calculate reduction of GHG emissions, XacBank has developed a Tracker platform since 2011 in partnership with MicroEnergy Credits (MEC), a US-based Microfinance enterprise, with support from the UNEP Climate Finance Innovation Facility (CFIF). As a result of developing an online Tracker program, XacBank was able to accurately monitor, report and evaluate CO2 emission reductions from the Eco Product Distribution Program. To find out more about this project, please click the following links:
Useful Files
Description
| Useful Files | Description |
|---|---|
Eco Product Distribution Program | Registered as MicroEnergy Credits – Microfinance for Clean Energy Product Lines – Mongolia on UNFCCC website. All information about the project can be found from this website. |
Monitoring Report #1 (8 Sep 2016) by MEC | Shows how monitoring, reporting and verification is conducted, and how emission reductions are calculated. |
Monitoring Report #2 (8 Sep 2016) by MEC | Shows how monitoring, reporting and verification is conducted, and how emission reductions are calculated. |
Verification and Certification Report (draft version as of 15 Jan 2017) by Tuv Nord | This report is an independent third party evaluation of the Monitoring Report which assures accuracy of all calculations. It is conducted by international companies specialized in verification. |
Key summary of Tracker Platform used for Eco Product Distribution Program | |
| Monitoring Report #3 (13 Apr 2022) by MEC | Shows how monitoring, reporting and verification is conducted, and how emission reductions are calculated. |
For more information, please contact Eco Banking Department of XacBank at +976 75771888.
[1] US-based Microfinance enterprise
