Urbanization and industrialization processes in Mongolia have been significant and rapid for the last half-century. During this period, changes in political and economic systems, growth in the population, and the occasional harsh climate conditions were subject to fluctuations in the natural resource usage. The total Ecological Footprint (EF) in Mongolia has increased from 6.8 million global hectares (gha) in 1961 to 14.6 million gha in 2012. However, Biocapacity (BC) has decreased from 50.6 million gha in 1961 to 39.0 million gha in 2012. The study shows that grazing land Footprint and carbon uptake land Footprint are the two major contributors of the recent intensified use of biological resources. To ensure stable economic development and sustainable use of natural resources, environmental planning is required to consider both the population’s pressure on the environment and the ecosystem’s regeneration capacity, simultaneously. We have proposed a few possible strategies for sustainable utilization of grazing land Footprint and carbon Footprint. For grazing land Footprint, efficient management of both herding practice and number of animals should be considered. In case of carbon Footprint, it is estimated that with the improved combustion efficiencies of coal-based power plants and the maximum use of renewable energy, carbon dioxide (CO₂) emissions in Mongolia can be reduced up to 30% compared to the base line business as usual case in 2030.