North asia lome energy storage policy smart interconnection

What is the strategy for Northeast Asia power system interconnection?

Strategy for Northeast Asia Power System Interconnection: Module 6 - Power Trade Regulation Technical Assistance Consultant's Report The proposed policy and advisory technical assistance will prepare a strategy for Northeast Asia Power System interconnection using Mongolia's abundant renewable energy.

Why is Northeast Asia interconnection important?

Northeast Asia interconnection is helpful to increase the energy supply diversify and reduce dependence on fossil energy imports. The Mongolia Sustainable Development Vision 2030, a long-term development policy aims to increase renewable energy generation from 7.5 (in 2014) to 30 percent by 2030.

Can regional economic cooperation help the Northeast Asia region?

Also, in the absence of relevant regional economic cooperation organisations, the study suggests that the Northeast Asia region might benefit from the development of a specialised institution to bridge national and regional interests and take the lead in regional interconnection development.

Why is a low-carbon transformation needed in Northeast Asia?

The power sector is the single largest source of greenhouse gas emissions in Northeast Asia. A low-carbon transformation is needed to lessen reliance on fossil fuels and reduce the carbon footprint.

Are Nea countries ready for cross-border electricity sector co-operation?

A multitude of bilateral agreements on energy co-operation between the NEA countries confirms the countries’ willingness for cross-border electricity sector co-operation. Fruitful dialogue on the status, opportunities, and next steps for NEA electricity interconnection has continued and evolved in recent years.

How does Energy Co-operation work in the NEA region?

In the NEA region, energy co-operation is mainly characterised by relatively modest bilateral trade, with electricity predominantly involving China, Mongolia and the Russian Federation, while the Russian Federation exports conventional fossil fuels to all the other regional countries .