Audited Documents Published Here

Posted: May 17, 2023

In line with our commitment to transparency and integrity, we are providing access to audited documents pertaining to our carbon programs here. This initiative aims to ensure that stakeholders have access to documentation in an easy-to-use way.

Mongolia Carbon Program
In 2008, MEC partnered with XacBank in Mongolia to explore microfinance's potential in supporting low-income households. Extensive research in Ulaanbaatar unveiled that households spent up to 90% of their income on coal for heating, causing severe health impacts and high pollution levels. MEC introduced innovative solutions—an efficient furnace and a ger blanket—to reduce coal consumption. Overcoming challenges, MEC achieved remarkable success, with over 90% of gers in Ulaanbaatar adopting these technologies. This led to partnerships with aid agencies and a significant reduction in air pollution. By 2016, improved cookstove penetration reached 54%, with over 142,000 clean stoves sold, covering more than 90% of ger area households (UNDP report, 2020). As a result, PM2.5 concentration in Ulaanbaatar decreased by 69% between 2010 and 2015, mainly attributed to the clean stoves (Enkhbat, et al., 2020).

Audited Documents

SR No.Document Name
1VPA Design Document for GS 2435
2VPA Design Document for GS 2684
3VPA Design Document for GS 2685
4VPA Design Document for GS 2686
5VPA Design Document for GS 2687
6Monitoring Report for GS 2435
7Monitoring Report for GS 2684, GS 2685, GS 2686, GS 2687
8 Verification Report Form for GS4GG Program of Activity

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Our mission is to empower every microfinance community with access to affordable and innovative clean energy solutions, while moving towards a world free of both poverty and climate change.