Green Silk Road Fund to Recover 1.3 Million Hectares of Land
9 March 2015: On the sidelines of UN Convention to Combat Desertification (UNCCD) 3rd Scientific Conference, an initiative to plant 1.3 billion trees in ecologically vulnerable regions along the Silk Road over the next 10 years was launched. The Green Ecological Silk Road Investment Fund (or Green Silk Road Fund) was initiated through a public-private partnership in China that also includes as partners the Elion Resources Group, Ping An Bank, China Oceanwide, and the Administrative Committee of the Sino-Singapore Tianjin Eco-City, among others.
In a message commending the launch, UNCCD Executive Secretary Monique Barbut said that, if and when the expected 1.3 million hectares of land is recovered, a significant contribution will have been made not only to environmental sustainability, resilience and growth in the Silk Road region, but also to climate change mitigation globally.
The UNCCD noted that it welcomes such public-private partnerships and initiatives given that they will help strengthen the implementation of action programmes to address desertification, land degradation and drought. [UNCCD News] [IISD RS Coverage of CST S-4 and 3rd Scientific Conference]