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MicroEnergy Credits – Microfinance for Clean Energy Product Lines – Mongolia

Description


Project Name: MEC Mongolia

Project Owner: MEC

Standard: Gold Standard

Project ID: 2434

In Ulaanbaatar, the world’s coldest capital city, where winter temperatures plummet to -25°C and air pollution ranks among the highest globally, MicroEnergy Credits (MEC) is igniting a clean energy revolution. The project introduces high-efficiency cookstoves and advanced home insulation technology to households, offering a sustainable antidote to the city’s harsh climate and environmental challenges.

Traditional stoves mainly use in Ulaanbaatar rely on heavy coal combustion, releasing harmful greenhouse gases like carbon dioxide and blanketing the city in toxic smog. MEC’s clean energy solutions dramatically reduce fuel consumption, slashing emissions and improving air quality. By replacing outdated stoves with efficient models and upgrading insulation, households breathe easier, stay warmer, and protect their health, all while contributing to a more sustainable planet. MEC makes clean energy accessible through a groundbreaking microfinancing system, bringing affordable, reliable cookstoves and insulation directly to families’ doorsteps. By partnering with local microfinance institutions, MEC removes economic barriers, empowering low-income households and microentrepreneurs to invest in home improvements that save money and transform lives.

As a social company, MEC is dedicated to uplifting Ulaanbaatar’s residents. By delivering clean energy products, the project frees up household budgets previously spent on coal, allowing families to invest in education, nutrition, or small businesses. Local microentrepreneurs benefit from new opportunities to market and distribute these technologies, fostering economic growth and resilience.

Impact


Traditional stoves produce harmful smokes.

The project reduces indoor air pollution by 80% and related risk to respiratory diseases.

MEC used the local workforce to implement the program.

The installation of the insulation is done by local people who are trained about how the technology works.

Traditional stoves use a lot of wood fire to produce heat and cook the meals.

The new stoves can reduce fuel costs up to 66% thanks to a better efficiency from the stoves and a better home insulation.

Many households lack access to clean energy technologies due to lack of access to upfront finance or lack of awareness of clean energy products and their value proposition

MEC addresses these barriers by working with microfinance institutions to market affordable, reliable clean energy products.

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