Mongolia signs a landmark climate finance agreement, Eternal Mongolia, investing $127M for 15 years to protect 35.6M acres of grassland, with international donors contributing $71M.
Mongolia signs a landmark climate finance agreement, Eternal Mongolia, with a coalition of partners to protect 35.6 million acres of its lands and waters, including the world's last great tract of temperate grassland. The government will invest $127 million towards conservation over a 15-year period, matched with a $71 million transition fund sponsored by international donors. This agreement is estimated to be one of the largest climate financing accords in Asia to date and will significantly expand Mongolia's network of National Protected Areas, serving as a model for other nations worldwide.
April 22, 2024
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