1 MONGOLIA MARKS CENTENNIAL WITH A NEW COURSE FOR CHANGE WWW.EASTASIAFORUM.ORG PUBLISHED:2024/12/20      2 E-MART OPENS FIFTH STORE IN ULAANBAATAR, MONGOLIA, TARGETING K-FOOD CRAZE WWW.BIZ.CHOSUN.COM PUBLISHED:2024/12/20      3 JAPAN AND MONGOLIA FORGE HISTORIC DEFENSE PACT UNDER THIRD NEIGHBOR STRATEGY WWW.ARMYRECOGNITION.COM  PUBLISHED:2024/12/20      4 CENTRAL BANK LOWERS ECONOMIC GROWTH FORECAST TO 5.2% WWW.UBPOST.MN PUBLISHED:2024/12/20      5 L. OYUN-ERDENE: EVERY CITIZEN WILL RECEIVE 350,000 MNT IN DIVIDENDS WWW.GOGO.MN PUBLISHED:2024/12/20      6 THE BILL TO ELIMINATE THE QUOTA FOR FOREIGN WORKERS IN MONGOLIA HAS BEEN SUBMITTED WWW.GOGO.MN PUBLISHED:2024/12/20      7 THE SECOND NATIONAL ONCOLOGY CENTER TO BE CONSTRUCTED IN ULAANBAATAR WWW.MONTSAME.MN PUBLISHED:2024/12/20      8 GREEN BOND ISSUED FOR WASTE RECYCLING WWW.MONTSAME.MN PUBLISHED:2024/12/19      9 BAGANUUR 50 MW BATTERY STORAGE POWER STATION SUPPLIES ENERGY TO CENTRAL SYSTEM WWW.MONTSAME.MN PUBLISHED:2024/12/19      10 THE PENSION AMOUNT INCREASED BY SIX PERCENT WWW.GOGO.MN PUBLISHED:2024/12/19      КОКС ХИМИЙН ҮЙЛДВЭРИЙН БҮТЭЭН БАЙГУУЛАЛТЫГ ИРЭХ ОНЫ ХОЁРДУГААР УЛИРАЛД ЭХЛҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     "ЭРДЭНЭС ТАВАНТОЛГОЙ” ХК-ИЙН ХУВЬЦАА ЭЗЭМШИГЧ ИРГЭН БҮРД 135 МЯНГАН ТӨГРӨГ ӨНӨӨДӨР ОЛГОНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     ХУРИМТЛАЛЫН САНГИЙН ОРЛОГО 2040 ОНД 38 ИХ НАЯДАД ХҮРЭХ ТӨСӨӨЛӨЛ ГАРСАН WWW.NEWS.MN НИЙТЭЛСЭН:2024/12/20     “ЭРДЭНЭС ОЮУ ТОЛГОЙ” ХХК-ИАС ХЭРЛЭН ТООНО ТӨСЛИЙГ ӨМНӨГОВЬ АЙМАГТ ТАНИЛЦУУЛЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     Л.ОЮУН-ЭРДЭНЭ: ХУРИМТЛАЛЫН САНГААС НЭГ ИРГЭНД 135 МЯНГАН ТӨГРӨГИЙН ХАДГАЛАМЖ ҮҮСЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     “ENTRÉE RESOURCES” 2 ЖИЛ ГАРУЙ ҮРГЭЛЖИЛСЭН АРБИТРЫН МАРГААНД ЯЛАЛТ БАЙГУУЛАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     “ORANO MINING”-ИЙН ГЭРЭЭ БОЛОН ГАШУУНСУХАЙТ-ГАНЦМОД БООМТЫН ТӨСЛИЙН АСУУДЛААР ЗАСГИЙН ГАЗАР ХУРАЛДАЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     АЖИЛЧДЫН САРЫН ГОЛЧ ЦАЛИН III УЛИРЛЫН БАЙДЛААР ₮2 САЯ ОРЧИМ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     PROGRESSIVE EQUITY RESEARCH: 2025 ОН “PETRO MATAD” КОМПАНИД ЭЭЛТЭЙ БАЙХААР БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     2026 ОНЫГ ДУУСТАЛ ГАДААД АЖИЛТНЫ ТОО, ХУВЬ ХЭМЖЭЭГ ХЯЗГААРЛАХГҮЙ БАЙХ ХУУЛИЙН ТӨСӨЛ ӨРГӨН МЭДҮҮЛЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/19    

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

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Climate change: Top companies exaggerating their progress - study www.bbc.com

Many of the world's biggest companies are failing to meet their own targets on tackling climate change, according to a study of 25 corporations.
They also routinely exaggerate or misreport their progress, the New Climate Institute report says.
Google, Amazon, Ikea, Apple and Nestle are among those failing to change quickly enough, the study alleges.
Corporations are under pressure to cut their environmental impact as more consumers want green products.
Some of the companies told BBC News they disagreed with some of the methods used in the report and said they were committed to taking action to curb climate change.
The firms analysed account for 5% of global greenhouse-gas emissions, the report says - which means although they have a huge carbon footprint, they have enormous potential to lead in the effort to limit climate change.
"The rapid acceleration of corporate climate pledges, combined with the fragmentation of approaches, means that it is more difficult than ever to distinguish between real climate leadership and unsubstantiated," the study says.
Study author Thomas Day told BBC News his team originally wanted to discover good practices in the corporate world, but they were "frankly surprised and disappointed at the overall integrity of the companies' claims".
Amazon said in its statement: "We set these ambitious targets because we know that climate change is a serious problem, and action is needed now more than ever. As part of our goal to reach net-zero carbon by 2040, Amazon is on a path to powering our operations with 100% renewable energy by 2025."
And Nestle commented: "We welcome scrutiny of our actions and commitments on climate change. However, the New Climate Institute's Corporate Climate Responsibility Monitor (CCRM) report lacks understanding of our approach and contains significant inaccuracies."
The Corporate Climate Responsibility Monitor was conducted by non-profit organisations New Climate Institute and Carbon Market Watch.
It looked at firms' publicly stated strategies to reduce greenhouse-gas emissions in order to reach net zero.
Net zero, a target scientists say the world must reach by 2050 to limit global temperature rises, means not adding to the amount of greenhouse gases in the atmosphere.
Achieving it means reducing emissions as much as possible, as well as balancing out any that remain by removing an equivalent amount.
Companies set their own targets. For example, Google promises to be carbon-free by 2030, while Ikea pledges to be "climate-positive" by 2030.
Emissions are created by anything from transporting goods, to energy used in factories or shops. The carbon footprint of growing crops or cutting down trees also counts.
The study gave each firm an "integrity" rating. It found that some were doing relatively well in reducing emissions but that all corporations could improve. None was given a rating of "high integrity".
It assessed factors like annually disclosing emissions; giving a breakdown of emission sources; and disclosing information in an understandable way.
Just three of the 25 companies are clearly committed to removing 90% of carbon emissions from their production and supply chains, it says. Those are Maersk, Vodafone and Deutsche Telekom.
The way that businesses talk about their climate pledges is also a big problem, the study says. There is a large gap between what companies say and the reality, Mr Day says - and consumers are likely to find it difficult to determine the truth.
"Companies' ambitious-sounding headline claims all too often lack real substance," he explains. "Even companies that are doing relatively well exaggerate their actions."
A really simple guide to climate change
Mr Day, whose team spent weeks poring over documents, said the average person trying, for example, to choose a piece of furniture, technology or buy food in the supermarket would struggle to make an informed decision.
He said one of the most controversial areas was what are known as downstream or upstream emissions - ones that are created by activity indirectly linked to a company.
For example, the report says 70% of Apple's climate footprint is created by upstream emissions, including the consumption of electricity by consumers using Apple phones, laptops and other products.
Many companies did not include these emissions in their climate plans.
Ikea told BBC News it welcomed "dialogue and scrutiny" of companies' climate commitments and goals, to ensure that they were "aligned with the science of 1.5°C".
"The new report by New Climate Institute is a constructive addition to this."
And Unilever commented: "While we share different perspectives on some elements of this report, we welcome external analysis of our progress and have begun a productive dialogue with the New Climate Institute to see how we can meaningfully evolve our approach.
Google told BBC News: "We clearly define the scope of our climate commitments and regularly report on our progress in our annual Environmental Report, where our energy and greenhouse gas emissions data is assured by Ernst & Young."
At the time of publication, Apple had not responded to a request for comment.
The Corporate Climate Responsibility Monitor will continue to assess companies' pledges, releasing findings annually.
The full list of companies analysed is: Maersk, Apple, Sony, Vodafone, Amazon, Deutsche Telekom, Enel, GlaxoSmithKline, Google, Hitachi, Ikea, Vale, Volkswagen, Walmart, Accenture, BMW Group, Carrefour, CVS Health, Deutsche Post DHL, E.On SE, JBS, Nestle, Novartis, Saint-Gobain, Unilever.
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Operating coal-fired power plants more expensive than switching to renewables – research www.mining.com

Generating electricity from solar power is cheaper than doing so through coal-fired power plants, a new article published in the journal Energy and Environmental Materials states.
According to Ravi Silva, Director of the Advanced Technology Institute at the University of Surrey and author of the paper, solar energy typically has a cost comparative with or lower than other energy sources, including coal, nuclear and offshore wind, even as far north as Britain. In sunnier countries like Spain, the economic case for solar is even stronger.
To back these assertions, Silva cites data from the International Renewable Energy Agency, which estimates that 61% of coal capacity in the United States costs more to operate than building new renewable energy plants. Retiring these coal plants and replacing them with renewables would save $5.6 billion in costs and 332 million tons of CO2 per year.
IRENA’s figures also show that in India, 70% of coal capacity is more expensive to run than building new renewables while in Germany it is 100%.
The researcher, however, points out that not everything should be replaced by solar, acknowledging that it is important to balance solar energy with other energy sources to ensure consistency of supply to meet demand, both on day-to-day and seasonal levels. He directs people planning future energy supplies to consider wind, nuclear, and storage solutions like pumped hydro, hydrogen and batteries.
“COP26 was big news last year but it’s meaningless unless we maintain momentum and deliver on our carbon reduction targets. Solar is a crucial part of the solution and one which is more cost-effective than people believe,” Silva said. “Retiring all the uneconomic coal plants around the world and replacing them with renewables would save $32 billion and 3 gigatons of CO2 annually, 9% of mankind’s energy-related emissions. Is not this a worthwhile legacy for COP26?”
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COVID-19: 860 new cases, three deaths reported www.montsame.mn

The Ministry of Health reported today, February 7 that 860 СOVID-19 cases were recorded in the last 24 hours. In detail, 584 cases were reported in Ulaanbaatar city, with 276 cases in 21 aimags.
Currently, 5,561 people are receiving hospital treatment for COVID-19 whilst 26,224 people with mild symptoms of COVID-19 are being isolated at home. Of the total patients currently undergoing treatment at hospitals, there are 567 patients in critical, and 70 in very critical conditions. In addition, three COVID-19 related deaths have been reported, raising the country’s death toll to 2,055.
As of today, the coverage of 1st dose has reached 69.8 percent (2,269,843), 2nd dose – 66.7 percent (2,170,723) and 3rd dose or a booster shot of COVID-19 vaccines – 31.0 percent (1,008,116) of the total population. In addition, 82,692 people (2.5 percent) have received 4th vaccine dose.
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Mongolian athletes win four medals at Paris Grand Slam www.montsame.mn

­­­­On the first day of the Paris Grand Slam, February 5, Mongolian judokas won gold, silver, and bronze medals.
Specifically, IM Yo.Baskhuu won a gold medal in men’s -66kg by defeating South Korea’s An Baul. IM B.Baasankhuu grabbed a silver medal in women’s -48kg and Ts.Tsogtbaatar claimed bronze in men’s -73kg.
Moreover, on the second day of the competition, IM O.Tsetsentsengel took first place in men’s +100kg after beating his Azerbaijan opponent by ippon.
285 wrestlers from 52 countries competed in Paris Grand Slam.
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Chinese president meets with Mongolian prime minister in Beijing www.news.cgtn.com

Chinese President Xi Jinping met with Mongolian Prime Minister Luvsannamsrai Oyun-Erdene on Sunday at the Great Hall of the People in Beijing.
Xi first asked Oyun-Erdene to convey his sincere greetings to Mongolian President Ukhnaagiin Khurelsukh, while Oyun-Erdene conveyed Khurelsukh's sincere greetings to Xi.
Xi said Mongolia is an important and friendly neighbor of China and it is in the two countries' interests to further develop their relations.
He expressed China's willingness to elevate the comprehensive strategic cooperative partnership with Mongolia to new heights.
Xi stressed that China and Mongolia should respect each other's independence, sovereignty and territorial integrity, respect each country's development path, and care about each other's core interests.
He also expressed China's willingness to maintain high-level exchanges with Mongolia, promote the exchange of experience on governance, and enrich the relations between the two countries.
Xi hoped the China and Mongolia will implement the joint statement between the two countries and bring about solid achievements.
Xi mentioned the touching story of "donating sheep and presenting tea leaves" during the outbreak of COVID-19, and called the two countries' mutual support a new chapter of friendship.
Oyun-Erdene said the on-time holding of the Beijing 2022 Winter Olympics offered the world the confidence of beating the pandemic.
He said the Olympics is a sign of peace and solidarity and should not be politicized.
Oyun-Erdene also thanked China for supplying COVID-19 vaccines to Mongolia during critical times, and called China an invaluable neighbor.
He expressed Mongolia's willingness to deepen cooperation with China, and link Mongolia's new revival policy with the Belt and Road Initiative and China's 14th Five-Year Plan.
Oyun-Erdene vowed to make the ties between China and Mongolia a splendid example of international relations.
As the chairperson of the Mongolian People's Party, Oyun-Erdene also expressed again his congratulations for the centenary of the Communist Party of China (CPC), and his wish for the success of the CPC's 20th National Congress.
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PM meets UN Secretary-General www.montsame.mn

On February 6, Prime Minister of Mongolia L.Oyun-Erdene met with Secretary-General of the United Nations Antonio Guterres in Beijing, China.
At the outset of the meeting, the PM underscored that the UN has made a valuable contribution to Mongolia’s development, while expressing his gratitude for its continued support to the Government of Mongolia in preventing and combating the COVID-19 pandemic, as well as for providing much-needed vaccine assistance under the COVAX program.
Expressing his pleasure to meet with the PM in Beijing, the Secretary-General emphasized that Mongolia is an important partner of the UN. Moreover, he commended Mongolia’s contribution to UN peacekeeping operations, as well as the efforts to protect the interests of landlocked countries. He also thanked Mongolia for launching the One Billion Trees national movement and highlighted the country's contribution to the international community's efforts to combat climate change, and expressed the UN's support and cooperation.
During the meeting, the PM introduced Mongolia's ‘New Revival Policy’ and the long-term development policy ‘Vision-2050’, noting that they are in line with the SDGs. He also expressed hope that the UN would support and cooperate in increasing renewable energy sources and successfully implementing the "One Billion Trees" national movement to combat climate change.
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Russia and China sign major energy deal www.rt.com

The 30-year agreement will boost gas supplies by 10 billion cubic meters and will be settled in euros.
Russia’s Gazprom and the China National Petroleum Corporation (CNPC) signed a second long-term contract on Friday for the supply of 10 billion cubic meters (bcm) of natural gas from the Russian Far East. The agreement comes as Russian President Vladimir Putin is in China on an official visit.
According to Gazprom, the agreement is “an important step in further strengthening mutually beneficial cooperation between Russia and China in the gas sector.” After the project reaches its full capacity, the volume of Russian pipeline gas supplies to China via the Far East route will reach 48 billion cubic meters per year (including deliveries via the Power of Siberia gas pipeline).
Gazprom’s largest natural gas deposit in the Far East is the Yuzhno-Kirinskoye field, where production is due to begin in 2023.
“The signing of the second contract for the supply of Russian gas to China testifies to the highest level of mutual trust and partnership between our countries and companies. Our Chinese partners from CNPC confirm that Gazprom is a reliable gas supplier,” the head of Gazprom, Alexey Miller, said.
Russian energy supplies to China have reached record highs, according to Kremlin aide Yury Ushakov.
Gazprom and the CNPC signed their first 30-year contract on gas supplies via the Power of Siberia pipeline in 2014. The 3,000km (1,864 mile) cross-border pipeline, the first natural gas pipeline between Russia and China, started deliveries three years ago.
In 2015, the sides agreed on gas supplies via the western route, or the Power of Siberia 2, which will deliver gas from Siberia’s Yamal Peninsula, where Russia’s biggest gas reserves are. The new pipeline will be able to transfer up to 50 bcm more gas through Mongolia to China annually.
In January, Gazprom completed an analysis of the project to build the Soyuz Vostok gas pipeline through Mongolia to China, which will make it possible to supply up to 50 billion cubic meters of gas per year to China.
Analysts say Moscow’s ‘gas pivot’ to China poses a challenge for Europe, which has been struggling with skyrocketing energy prices in recent months. Russia remains Europe’s main gas supplier, but the changes it is currently making to its energy transport infrastructure should be taken seriously, analysts note.
Europe’s 541 bcm of annual gas consumption is more than China’s 331 bcm, but the latter is expected to rise to 526 bcm by 2030 as Beijing reduces its dependence on coal. Consulting firm McKinsey estimates that China’s demand for gas will double by 2035. Its annual gas consumption is expected to reach 620 bcm by 2040 and overtake oil as the leading fuel source by 2050, according to data made public in September by Chinese energy giant Sinopec.
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China, Mongolia to expand cooperation in infrastructure, fighting COVID-19 www.gov.cn

BEIJING — Premier Li Keqiang pledged to push forward the cooperation between China and Mongolia in areas including infrastructure and pandemic containment.
Premier Li made the remarks on Feb 5 while meeting with Mongolian Prime Minister Luvsannamsrai Oyun-Erdene, who came to attend the opening ceremony of the Beijing 2022 Olympic Winter Games.
Noting that China and Mongolia are good neighbors, friends and partners, Premier Li said China will give priority to ensuring the smooth operation of the ports on both sides to expand bilateral economic and trade cooperation.
Premier Li also pledged to promote the construction of railway, highway and energy projects, and carry out cooperation in the spirit of friendship and in accordance with market principles and business rules, adding that China will continue to provide support and assistance within its capacity to Mongolia in its fight against COVID-19.
Oyun-Erdene thanked China for its anti-pandemic support and expressed hope to work with China in fighting COVID-19 and keep border ports open.
Oyun-Erdene also suggested that the two countries should better align their development strategies, and deepen cooperation in energy and mining, transportation infrastructure and desertification prevention and control.
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Chinese FM meets visiting Mongolian FM www.xinhuanet.com

BEIJING, Feb. 6 (Xinhua) -- Chinese State Councilor and Foreign Minister Wang Yi on Saturday met with Mongolian Foreign Minister Batmunkh Battsetseg, who accompanied Mongolian Prime Minister Luvsannamsrai Oyun-Erdene to attend the opening ceremony of the Beijing 2022 Olympic Winter Games.
Wang thanked the Mongolian government and people for their firm support for China's hosting of the Winter Olympics. He expressed the confidence that China can deliver a "streamlined, safe and splendid" Games through working with all parties.
Wang said China and Mongolia are important neighbors whose friendly cooperation enjoys a solid foundation and broad prospects for development.
He expressed the hope that the two countries will continuously consolidate political mutual trust, respect each other's sovereignty, independence and territorial integrity, support each other in safeguarding core interests and major concerns, and develop the China-Mongolia comprehensive strategic partnership.
Battsetseg said Mongolia will work with China to fully implement the political consensus between the two sides, further synergize development strategies, advance the construction of the Mongolia-China-Russia economic corridor and expand practical cooperation in various fields.
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PM L.Oyun-Erdene holds official meeting with Chinese Premier Li Keqiang www.montsame.mn

On February 5, Prime Minister of Mongolia L.Oyun-Erdene held an official meeting with Premier of the State Council of the People's Republic of China Li Keqiang. During the meeting, the sides exchanged views on accelerating bilateral relations in detail and reached agreements on a wide range of matters.
At the start of the meeting, Prime Minister L.Oyun-Erdene congratulated the Government of China and its people for successfully organizing the Beijing 2022 Winter Olympics despite the difficult pandemic situation.
The two Premiers agreed that it is in both countries’ interest to accelerate the friendly relations and cooperation between the two countries, and urgently resolve current pressing issues.
In the framework of the ‘New Recovery Policy’ initiated by the Government of Mongolia, they came to an agreement on ensuring the active participation of private entities and investors in large-scale projects on border checkpoints and the sectors of energy and industry as well as those aimed at decentralizing Ulaanbaatar city and supporting green development.
A suggestion was also put forth for close cooperation to speed up the construction of infrastructure at border checkpoints.
During the meeting, the border crossing points for railroads at Gashuunsukhait - Gantsmod, Shiveekhuren - Sekhee, and Bichigt - Zuunkhatavch border checkpoints were finalized, resolving the issue concerning railroad infrastructure at Gashuunsukhait border checkpoint that had been under discussion for over 14 years.
The Government of Mongolia is focusing on the launch of railroad construction at the border checkpoints in the near future, informed the Mongolian Prime Minister.
Furthermore, the two PMs discussed extending the ‘Currency swap agreement between the Bank of Mongolia and the People’s Bank of China’ by three more years - until the socio-economic situation returns to pre-Covid levels in 2026.
As the Russia-China and EU-China trade turnover has hit an all-time high, the two sides exchanged views on accelerating the project on constructing a 987-km highway between Altanbulag and Zamiin-Uud that had been discussed for many years in the framework of accelerating the construction works to be carried out for the Mongolia-Russia-China Economic Corridor Program.
Within the efforts to reduce the traffic congestion of Ulaanbaatar city, they reached an agreement on cooperating in projects, such as introducing a new method of public transportation based on advanced technology, and constructing a highway network around the city.
Moreover, the two Premiers agreed to accelerate the works for the construction project on the natural gas pipeline connecting Russia and China through the territory of Mongolia as its feasibility study was recently finalized.
Highlighting the importance of deepening cooperation for the fight against climate change, they expressed willingness to actively cooperate in large-scale projects against desertification and dust storms, including the implementation of the ‘One Billion Trees’ national movement.
During the meeting, Premier of the State Council of the People's Republic of China Li Keqiang thanked Prime Minister of Mongolia L.Oyun-Erdene for his visit and in-person attendance of the Beijing 2022 Winter Olympics Opening Ceremony.
In order to have the issues put forth by the Mongolian PM urgently resolved, he then expressed that special attention will be paid to having the Zamiin-Uud - Erlian border checkpoint return to normal operations.
Furthermore, the Chinese Premier noted that the issue concerning the travel of the two countries’ peoples as well as Mongolian students attending in-person classes at Chinese universities will be resolved in phases, alongside increasing scholarship opportunities.
In the fight against the pandemic, he also expressed that it is possible for the Chinese side to continue to provide support by supplying COVID-19 vaccines.
The two countries’ Premiers agreed to have close cooperation in all possible fields in order to further develop the Comprehensive Strategic Partnership relations between the two countries and expand mutually-beneficial cooperation.
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