UN land talks mobilize $1.3bn; again fail to reach drought deal
( August 31, 2026, 13:27 GMT | Official Statement) -- MLex Summary: COP17, a conference held in Mongolia organized by the UN Convention to Combat Desertification, has ended with a $1.3 billion financing portfolio for land restoration and drought resilience. But countries failed to agree on a stronger global framework for drought management — for a second consecutive conference — which pushes negotiations to COP18 in Egypt in 2028. Around half of the $1.3 billion portfolio represents identified new financing.Press release follows....
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