Final conference outcome · updated today
COP17 closes with a $1.3bn portfolio—and another $2bn for Asia-Pacific land
The UN land convention’s latest summit concluded today with finance spanning 23 countries, a record rangelands initiative and a further $2 billion announced by the Asian Development Bank for land restoration in Asia and the Pacific.
After two weeks of negotiations, the 197 parties to the UN Convention to Combat Desertification closed COP17 in Ulaanbaatar with a portfolio of land-restoration and drought-resilience finance worth $1.3 billion. UNCCD says $644.5 million of that portfolio is new finance and $216.4 million is already confirmed and moving toward implementation.
Rangelands were placed at the centre of the package. A new flagship initiative brings together $1.2 billion across 45 projects, while the Drought Resilience Investment Facility aims to mobilise up to $400 million. Associated Press reporting from the closing session says the Asian Development Bank also announced a separate $2 billion for efforts against land degradation across Asia and the Pacific.




