The Government of Mongolia and The Nature Conservancy secure ‘Eternal Mongolia’, a Pathway to Achieve the Nation’s Climate and Biodiversity Goals

Fri, 24 May 2024 03:39:08 +1000

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
https://www.nature.org/en-us/newsroom/eternal-mongolia-pfp-announcement/

"Today, the Government of Mongolia, The Nature Conservancy (TNC) and others,
announced the launch of Eternal Mongolia—a Project Finance for Permanence (PFP)
initiative that will deliver lasting conservation and sustainable community
development for the Central Asian country whose vast steppe represents our
planet’s last great tract of intact temperate grassland.

Eternal Mongolia is a negotiated partnership that will deliver USD $198 million
of new investment over 15 years to support Mongolia’s ambitious goals and
deliver lasting conservation and sustainable community development in and
around protected areas. This includes a US $71 million transition fund from
private and other global donor sources. This transition fund will accelerate
Mongolia’s conservation and community development goals, while providing time
to develop sustainable financing mechanisms to ensure protected areas can be
managed sustainably in the long-term and that Mongolian people benefit from
nature, now and for the future.

Eternal Mongolia will dramatically expand and strengthen the effectiveness of
the country’s entire National Protected Area network, support sustainable
herding practices, invest in the sustainable tourism industry and set an
unprecedented example to the rest of the world about the value of land and
freshwater conservation.

The PFP will support local community-driven proposals to safeguard an
additional 14.4 million hectares of Mongolia’s lands and waters including
intact grasslands, forests, deserts, wetlands and rivers; strengthen the
management of all of Mongolia’s National Protected Areas covering 47 million
hectares; and extend sustainable and climate-resilient community-managed
practices to 34 million hectares outside protected areas."

Via Fix the News:
<https://fixthenews.com/good-news-on-immunisation-conservation-in-mongolia-and-clean-energy-in-china/>

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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