Original disclosure @ GCF website
Updated in EWS Apr 19, 2023
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According to the GCF, this project addresses Mongolia’s rangeland degradation and overgrazing. It will do this by building climate-resilient and low-carbon cities that provide adequate services to attract private sector investments to support local agribusiness. Other measures include supporting herder groups to manage the rangelands sustainably by limiting the number of grazing animals, and strengthening agribusiness value chains.
The total financing of the GCF amounts to USD 175 million. Co-financing for the project amounts to USD 560 million.
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A brochure about the IRM can be accessed in English, French, Spanish, Portuguese, Arabic, Mandarin, Mongolian, Vietnamese, Russian, Ukrainian, Korean, German, and Kiswahili at: https://irm.greenclimate.fund/.