COP17 advances $1.3bn for land restoration, puts rangelands at centre
The Asian Development Bank has committed $113 million to the Green Inclusive Regional Agribusiness Fund, while the Green Climate Fund is supporting three projects, including $40 million for Resilient Rangelands in Northwestern Zimbabwe with the World Wide Fund for Nature (WWF), as well as the TWENDE initiative in Kenya with the International Union for Conservation of Nature (IUCN).
Rangelands cover more than half of the world’s land surface and support the livelihoods of about two billion people, including an estimated 500 million pastoralists.
The new financing commitments underline a central message emerging from COP17: restoring degraded land is increasingly being treated not only as an environmental obligation but also as an investment opportunity tied to food security, water, jobs, climate resilience and economic stability.
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