Mongolia signs nature finance deal to preserve grasslands

Mongolia’s government and a coalition of partners have inked a nature finance agreement to protect 35.6 million acres (144,000 square km) of the country’s lands and waters, including the world’s last significant tract of temperate grassland.

The agreement dubbed “Eternal Mongolia” entails a global donor-supported transition fund totalling $71 million, combined with a government commitment to spend $127 million over 15 years towards the conservation.