Eternal Mongolia ensures community-based conservation of vast natural areas, including the last intact temperate grasslands on earth.
Ulaanbaatar, Mongolia, April 22, 2024–(BUSINESS WIRE)–Today, the Government of Mongolia, The Nature Conservancy (TNC) and others announced “Eternal Mongolia,” a Permanent Project Finance (PFP) initiative to deliver lasting conservation and sustainable community development. announced the launch of This Central Asian country's vast grasslands represent the last vast, undisturbed temperate grasslands on Earth.
Eternal Mongolia will invest US$198 million in new investments over 15 years to support Mongolia's ambitious goals and achieve lasting conservation and sustainable community development in and around protected areas. It is a negotiated partnership. This includes $71 million in transition funds from private and other global sources. The Transition Fund will accelerate Mongolia's conservation and community development goals, while ensuring that protected areas are managed sustainably in the long term so that Mongolians can benefit from nature now and in the future. provide time to develop sustainable financing mechanisms.
Eternal Mongolia will dramatically expand and strengthen the effectiveness of the country's entire network of national protected areas, support sustainable pastoral practices, invest in a sustainable tourism industry, and promote the value of land and freshwater conservation. It will set an unprecedented example for the world.
PFP will support local community-led proposals to protect an additional 14.4 million hectares of Mongolia's land and water, including intact grasslands, forests, deserts, wetlands and rivers. Strengthen management of all Mongolia's national protected areas, covering 47 million hectares. and expand sustainable, climate-resilient community management practices to 34 million hectares outside protected areas.
Thirty years ago, Mongolia established itself as a world conservation leader with a then-revolutionary vision to protect 30% of its land. This goal is now shared around the world. Eternal Mongolia will provide all the financial and policy commitments Mongolia needs to ensure it reaches its 30% conservation goal by 2030, while providing a secure and economic future for the Mongolian people. Cancel.
Eternal Mongolia is an Enduring Earth initiative and an ambitious collaboration between conservation organizations, the Pew Charitable Trusts, World Wildlife Fund (WWF), and ZOMALAB to work with countries and communities to create more sustainable We are accelerating and expanding the conservation of a rich environment. The future of people and the earth.
“To address the dual crises of climate and biodiversity, we must foster action at scale and ensure that people and livelihoods are at the heart of the solution.” said Jennifer Morris, CEO of The Nature Conservancy and chair of the board of Enduring Earth.
Eternal Mongolia expects significant financial support from the Legacy Landscape Fund. The Eternal Mongolia initiative is supported by Jennifer Spears, Pamela Tanner Boll, Jeremy and Hannelore Grantham Environmental Trust, Joanna and Stuart Brown, lolinette Foundation, China World Conservation Fund, Sabra Turnbull & Clifford Bernstein, Trafigura Foundation, Margaret A. Cargill Philanthropies, Arcadia; Hans Wilsdorf Foundation of Gallogly Family Foundation; Robert W. Wilson Charitable Trust.
The full version of this press release, including further information and additional quotes, including information from the Government of Mongolia, is available at www.nature.org/en-us/newsroom/eternal-mongolia-pfp-payment/.
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contact address
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rWinters@tnc.org
