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Parties Start Allocating $12B for Drought Resilience

8/17/2026

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Story summary
  • Mongolia hosts UNCCD COP17, where parties begin allocating over $12 billion to vulnerable nations for drought and land-restoration.
  • UNCCD reports a $278 billion annual financing gap, with countries needing $355 billion but receiving only $77 billion.
  • Saudi Arabia backs the Riyadh Global Drought Resilience Partnership, which secured $12 billion for 74 drought-stricken countries.
  • The European Union will present Great Green Wall investments and use Copernicus satellite data to improve drought early-warning and monitoring.