This paper examines the different economic impacts of weather shocks in Mongolia across sectors and provinces. It highlights the importance of tailored policy responses that consider local climatic conditions and economic structures.
The analysis finds that temperature increases in Mongolia negatively affect economic performance and the livestock sector, while increased precipitation positively influences provincial GDP and livestock at the provincial level. Recommendations include investing in infrastructure and agriculture practices that can withstand climate variability, identifying which sectors to promote in each province to achieve climate resilience, and addressing the climate financing gap.