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Abstract: Climate change, global warming, and
environmental pollution are global concerns. Green financing serves as a
financial market-driven approach to protecting the environment and ensuring
sustainable development. In December 2019, with the policy support of the
Mongolian Financial Stability Council, the "Mongolian Green Taxonomy"
document was approved by the Bank of Mongolia, the Financial Regulatory
Commission, and the Ministry of Finance, aligning with international green
economy principles and criteria. This taxonomy provides a framework for
identifying and classifying environmentally sustainable economic activities in
Mongolia and serves as a guideline for financial institutions to promote green
finance.
This study examines green financing and green loan products within Mongolian NBFIs, analyzes the current situation, identifies challenges, and proposes recommendations to increase green financing accessibility based on international standards for environmental performance measurement. Furthermore, it aims to explore how NBFIs can contribute to Mongolia's transition to a green economy and improve access to financing for businesses and individuals engaging in environmentally sustainable projects. The research findings will assist financial regulators, policymakers, and financial institutions in developing strategies to strengthen green finance in Mongolia. DOI: https://doi.org/10.51505/IJEBMR.2025.9313 |
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