00:00Ta-wedd nyhyl zoil үңсугса, шашин шүллг өөр хороңда өөр оловж,
00:04эхтилгийдээ инх мүн хоршыг ирээд үүгэй хамгааалых хүсэл царлог нэхтээ.
00:11Тэмч, та-wedд манаусы цүрждээ эсэр гэв санл нэгдэн бүгдийн гэр орум болсан эхтилгийн хэн түйлөө,
00:19есэр гэлдэй хүсэл үүгэн түйлгэн түйлгэн түйлгэн.
00:35Conference of Parties, or COP 17 Conference of the United Nations Convention to Combat Desertification,
00:41held in Mongolia, was another in the series of attempts to reverse the process of land degradation
00:47which has already affected 40% of soil on Earth
00:50and more than 3.2 billion people.
00:52The theme was recovery of rangelands,
00:54which support 2 billion people,
00:56including 500 million herders or pestralists.
00:59The host country, Mongolia and the United Nations,
01:02have appealed to 197 delegations gathered here in Ulan Pratar
01:06to use more than 400 scheduled events
01:09to find really tangible solutions for land degradation
01:11because recent wildfires and heatwaves around the world
01:15show us that the climate change is accelerating.
01:18COP17 set sights on action plans for land restoration
01:21and finding funds to support them,
01:23but also raising awareness that many acute problems
01:26like migrations are actually the result of land degradation.
01:30Once your land is degraded,
01:33you 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
01:42whether they're moving from their land, yes or no,
01:44but they don't have what to sustain their livelihood
01:47and what to make it resilient.
01:49The convention estimates that inaction on land
01:51costs 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,
02:13of $2 trillion a year.
02:15But when you double click on climate financing,
02:18less than 3% goes to land and water.
02:22It is way underinvested.
02:23And here this white paper actually puts forward the reasons
02:28why businesses can actually invest into soil and water,
02:31but you bring returns.
02:32Every dollar invested into soil will give you at least $4 to $30 in exchange.
02:37The ministerial dialogue on innovative financial mechanisms brought together some
02:42of the large financial institutions such as the World Bank Group, Development Banks of Asia,
02:47Africa, the 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.
03:00Several countries, including host Mongolia, announced new platforms
03:05for 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 corporate companies that you can invest like 1% of your taxable income
03:23for these rangelands or the green transition for the countries.
03:29And you can decide and you can implement the project by yourself, not involved from the government.
03:36Even 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 and make pledges.
03:46In Riyadh, we have 35 initiatives under the Riyadh Action Agenda.
03:50And we continued after that in 2025, in 2026, and we came here to Mongolia.
03:56And now we have 200, or to be exact, 198 initiatives under the Riyadh Action Agenda.
04:04During 12 days in Ulaanbaatar, alliances were forged, like the one between China and the League of Arab States,
04:10who made a joint five-year plan of cooperation to restore land.
04:14countries' shared experience in fighting desertification.
04:18In the first place, we are looking for countries with different landscapes.
04:22In the first place, Mongolia, China, and they have a great experience of fighting the mountains.
04:28At the same time, our experience of the forestry of the Arala is very much interested in our partners,
04:35and many countries are looking for our pavilion and are looking for our experience.
04:39In 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.
04:57A
04:58M
04:58Diolch.
