Mongolia enacts first Climate Change Law
On July 2, 2026, the Parliament of Mongolia adopted the nation's first standalone Law on Climate Change, which came into effect on August 3, 2026. This landmark legislation establishes a comprehensive legal framework for Mongolia's climate change policies and regulations, aligning with its commitments under the Paris Agreement.
Key Provisions of the Law
- Institutional Responsibilities: Defines the roles and duties of public authorities in implementing climate policies.
- Reporting Obligations: Mandates regular reporting on greenhouse gas emissions and climate actions.
- Adaptation and Mitigation Measures: Outlines strategies to adapt to climate impacts and reduce emissions.
- Green and Climate Finance: Introduces mechanisms for financing climate initiatives.
- Carbon Market Mechanisms: Establishes frameworks for carbon trading and offset programs.
Implementation Timeline
Within six months of the law's enactment, relevant authorities are required to develop implementing regulations covering areas such as:
- Registration of green and climate finance initiatives.
- Establishment of carbon credit registries.
- Procedures for measuring, reporting, and verifying greenhouse gas emissions.
- Operation of the National Climate Change Platform.
Implications for Stakeholders
The law introduces new regulatory frameworks affecting the private sector, investors, and project developers. Compliance with these provisions is essential for entities engaged in activities related to climate change mitigation and adaptation.
For a detailed analysis, refer to PwC Mongolia's Legal Alert No.05/2026.
