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http://dx.doi.org/10.20522/APJBR.2017.2.1.21

Using ICT for Mongolia's sustainable development in energy industry  

Tungalag, Azjargal (Feasibility study and Energy economics research division Mongolian, Energy Economics Institute)
Kim, Yun Seon (Graduate School of Global Development and Entrepreneurship, Handong Global University)
Publication Information
Asia Pacific Journal of Business Review / v.2, no.1, 2017 , pp. 21-52 More about this Journal
Abstract
Nowadays every technology is becoming smarter. Consequently, intensive use of ICT in the whole industries and cities enables a sustainable approach to meet enormous productivity, efficiency, transparency and conservation of natural recourses. Likewise, the role of ICT in terms of controlling, monitoring in the energy industry allows integrating potential renewables, bulk energy conservation and reliable optimized operation in the entire system. In this paper outlines challenging issues in renewable energy integration in Mongolia and proposes potential recommendations and conclusions. The author investigated the main technologies used in energy industry mainly smart grid, challenges and policy aspect in Mongolian energy sector by using the primary and secondary approach with case studies and literature based methodologies. Based on the policy aspect and current implementation of smart grid, the paper tries to address the readiness for the main application and future potential ICT driven applications. Furthermore, it concluded that ICT convergence is demanded to overcome the current vulnerabilities and significant momentum to leave behind by using its potential energy recourses and favorable geographical state. Policymakers may find this study useful, as it answers the question of whether ICT investment can ultimately reduce energy consumption and may aid in future planning. Even tough, in order to develop a smart grid and integrating renewables firstly set an appropriate market structure, ICT will key enabler to make energy system more profitable and sustainable. Regarding the result of this study, ICT deployment contribution is a huge demand for future opportunities energy in Mongolia.
Keywords
Mongolia; ICT; smart grid; sustainable development;
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