UNCCD conference in Mongolia set the stage for enhanced global drought resilience with innovative initiatives. NEW DELHI: The seventeenth session of the United Nations Convention to Combat Desertification (UNCCD) conference concluded in Ulaanbaatar, Mongolia, on Friday by presenting a new global architecture for drought resilience that will help countries bridge the gap between plans and implementation.Multiple new initiatives were announced during the 12-day conference (COP17). They include $1.3 billion in new and pipeline finance for land restoration and strengthening drought resilience in vulnerable countries.These initiatives — the world’s first Drought Resilience Index (DRI) and the Drought Resilience Investment Facility (DRIF) — will help countries in assessing their capacity to anticipate, prepare for and adapt to drought, and unlock much larger flows of institutional and private finance for projects that strengthen water security, sustainable agriculture, nature-based solutions and land restoration.DRI’s technical monitoring metrics will enable countries to identify vulnerabilities and inform more effective policies and investments. Its new AI-powered features can help policymakers, technical experts and the public interpret complex data and turn it into practical insights.Join conversationView All Comments →Share your thoughts in the commentsInsightfulAgreeDisagreeSkepticalConcerningPromisingWorth ReadingBig DevelopmentPost CommentBe respectful · TOI community guidelinesDRIF, on the other hand, aims to mobilise up to $400 million in public and private capital for drought resilience. The facility, launched by UNCCD and Luxembourg, will use public capital to reduce investment risks.“We came to Ulaanbaatar saying that COP17 must be a COP of implementation. We leave with more of the architecture needed to make that possible: political decisions, stronger science, innovative financing mechanisms, investment pipelines and partnerships that can move solutions to scale,” said UNCCD executive secretary Yasmine Fouad.The conference took place against a stark global backdrop as up to 40 percent of the world’s land is degraded, while countries have committed to restoring more than one billion hectares, including 26 million hectares by India, by 2030. India was represented by a team led by Union environment minister Bhupender Yadav at COP17.Get the latest India News and Live updates. Download the TOI app.Here are more Raksha Bandhan wishes, Bhadra kaal and Shubh Muhurat from The Times of India.About the AuthorVishwa MohanVishwa Mohan is Senior Editor at The Times of India. He writes on environment, climate change, agriculture, water resources and clean energy, tracking policy issues and climate diplomacy. He has been covering Parliament since 2003 to see how politics shaped up domestic policy and India’s position at global platform. Before switching over to explore sustainable development issues, Vishwa had covered internal security and investigative agencies for more than a decade.Read MoreEnd of ArticleFollow Us On Social MediaVideosIndia Plans Javelin Missile Buy From US, Giving Infantry A Battle-Tested Tank-Killing Edge | Watch’Willing & Keen’: Penguin Random House Denies Dropping Sonia Gandhi’s Memoir Over Editorial ChangesGovt Taps EIL For Quality Checks On 5,000 Km Of Road Projects After Modi’s ‘4th-Party Audit’ Jibe469 Dead In Nepal Floods; 3 Bodies Found In Uttar Pradesh; Kathmandu Declines Foreign Rescue TeamsCongress Alleges ₹36,000 Crore ‘Sugar Scam’, Slams Modi Govt Over Festive Price RisePM Modi’s Central Asia Visit: SCO Summit, Uzbekistan Ties, Putin Meet In FocusCM Suvendu Adhikari Urges Skilled Bengalis Abroad To Return, Promises Jobs Under Double-Engine Govt’Blind Pakistan Activated Spies To Locate India’s S-400′ During Op Sindoor, Ex-Air Marshal RevealsCamac Street Showdown: TMC Blocks Police During Billboard Removal, Banerjee Announces Court MoveNepal Floods: 288 Indians Uncontactable, 21 Rescued So Far, MEA Shares Key Updates | Watch123Photostories10 vintage baby girl names that still sound fresh todayJungkook style evolution: From bold eyeliner to quiet luxury, how BTS’ star transformed his fashion5 jewellery styling mistakes to avoid with traditional festive outfitsLock Upp 2 fame Akanksha Chamola’s luxurious Mumbai home: Elegant interiors, cosy living room and beautiful mandirH1N1 Or COVID-19? 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NEW DELHI: The seventeenth session of the United Nations Convention to Combat Desertification (UNCCD) conference concluded in Ulaanbaatar, Mongolia, on Friday by presenting a new global architecture for drought resilience that will help countries bridge the gap between plans and implementation.Multiple new initiatives were announced during the 12-day conference (COP17). They include $1.3 billion in new and pipeline finance for land restoration and strengthening drought resilience in vulnerable countries.These initiatives — the world’s first Drought Resilience Index (DRI) and the Drought Resilience Investment Facility (DRIF) — will help countries in assessing their capacity to anticipate, prepare for and adapt to drought, and unlock much larger flows of institutional and private finance for projects that strengthen water security, sustainable agriculture, nature-based solutions and land restoration.DRI’s technical monitoring metrics will enable countries to identify vulnerabilities and inform more effective policies and investments. Its new AI-powered features can help policymakers, technical experts and the public interpret complex data and turn it into practical insights.
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DRIF, on the other hand, aims to mobilise up to $400 million in public and private capital for drought resilience. The facility, launched by UNCCD and Luxembourg, will use public capital to reduce investment risks.“We came to Ulaanbaatar saying that COP17 must be a COP of implementation. We leave with more of the architecture needed to make that possible: political decisions, stronger science, innovative financing mechanisms, investment pipelines and partnerships that can move solutions to scale,” said UNCCD executive secretary Yasmine Fouad.The conference took place against a stark global backdrop as up to 40 percent of the world’s land is degraded, while countries have committed to restoring more than one billion hectares, including 26 million hectares by India, by 2030. India was represented by a team led by Union environment minister Bhupender Yadav at COP17.