Published on: 13 February 2025
Mongolia has a mineral-based economy with reserves of energy transition minerals critical for global decarbonisation efforts. At the same time, it is exposed to some of the planet’s worst climate change impacts and disaster risks, forcing a shift away from the traditional industry of pastoralism. Mongolia’s resources sector offers economic promise necessary to improve national development outcomes but, as a relatively young democracy, its capacity to harness the most value from its resource endowments needs further strengthening.