00:00ТАВЭДНИЙ ХИЛ СОИЛ ҮНСУГСА, ШАШИНШ УТЛЮГ өөр хоромдо өөр воловч,
00:04ИХТИЛГИДИА ИНХМУН ХОРШИХ ИРИЭДУГАЙ ХАМГААЛАХ ХУСЛЬ ЗОРЛОГ НИХТИА.
00:11ТИМЧ ТАВЭД МАНА УСАЛ ЦУЛЧДИА ИСРЫГ ИВ САНЛЛНИГДИАН БУГДИИН ГЕРООРОМ БОЛСАН ИХТИЛГИНХИЙН ДУЛУ,
00:19ХОРШИ ИЛИИТУН КЕН ДУЛЛУ ЗОРЛ ЖИЭДУН БАЛСАНСЯ ОВ AinТ МАНТАИ В БУГДИИН ХОРШИШАН ЕЦ ИЛИТУН ГОЛОВ СОЛЬЗАБЩЕМ
00:35Конference of parties, or COP 17 Conference of the United Nations Convention To Combat Desertification held
00:42in Mongolia was another in the series of attempts to reverse the process of land
00:46which has already affected 40% of soil on Earth and more than 3.2 billion people.
00:52The theme was recovery of rangelands, which support 2 billion people,
00:56including 500 million herders or pastoralists.
01:00The host country, Mongolia and the United Nations,
01:02have appealed to 197 delegations gathered here in Ulaanbaatar
01:06to use more than 400 scheduled events to find really tangible solutions for land degradation
01:11because recent wildfires and heat waves around the world
01:15show us that the climate change is accelerating.
01:18COP17 set sights on action plans for land restoration and finding funds to support them,
01:23but also raising awareness that many acute problems like migrations
01:27are actually the result of land degradation.
01:30Once land is degraded, you will not be able to plant
01:34and you will have both food and water security,
01:36but you will have also migration and displacement.
01:39So here the people are not given the choice whether they're moving from their land, yes or no,
01:44but they don't have what to sustain their livelihood and what to make it resilient.
01:49The convention estimates that inaction on land costs the world almost $900 billion a year,
01:55while investment in healthy land could generate up to $1.8 trillion
01:59through food production, water provision and carbon storing.
02:02Yet the investment so far remains modest.
02:05And if you look at how much money goes into artificial intelligence for that matter,
02:10it is the same amount that goes into climate financing, $2 trillion a year.
02:15But when you double click on climate financing, less than 3% goes to land and water.
02:22It is way underinvested.
02:24And here this white paper actually puts forward the reasons
02:27why businesses can actually invest into soil and water,
02:31but you bring returns.
02:33Every dollar invested into soil will give you at least $4 to $30 in exchange.
02:37The ministerial dialogue on innovative financial mechanisms
02:41brought together some of the large financial institutions
02:44such as the World Bank Group, Development Banks of Asia, Africa,
02:48the Islamic World, European Investment Bank, GEF and the Climate Fund.
02:52They announced $1.3 billion of financing for land restoration and drought resilience
02:58across 23 countries on five continents.
03:01Several countries, including host Mongolia,
03:03announced new platforms for attracting private investment into land.
03:07One billion tree plantation initiative has been done by Mongolian president
03:13and it is really successfully going on,
03:16offering all these corporates and companies
03:19that you can invest like 1% of your taxable income
03:24for these rangelands or the green transition, you know, for the countries.
03:29And you can decide and you can implement the project by yourself,
03:32not involved from the government.
03:35Even if COPs, including this one, fall short of reaching a legally binding global plans,
03:40they are considered to be successful as they bring countries to present national agendas
03:45and make pledges.
03:46In Riyadh we have 35 initiatives under the Riyadh Action Agenda
03:50and we continued after that in 2025, in 2026
03:54and we came here to Mongolia
03:56and now we have 200, or to be exact, 198 initiatives under Riyadh Action Agenda.
04:04During 12 days in Ulaanbaatar, alliances were forged,
04:08like the one between China and the League of Arab States,
04:10who made a joint five-year plan of cooperation to restore land.
04:15Countries shared experience in fighting desertification.
04:38In the green zone of COP17, open to the general public, policy met real life.
04:44The people could come, meet experts, scientists, scholars, city planners,
04:48even school projects, and learn how desertification influences their lives.
04:53Also, get a glimpse of Mongolian rich culture and tradition.
04:58Thank you.
