GENEVA, Aug 21 (Reuters) - Countries have restored an area roughly twice the size of France under ‌U.N.-backed efforts to reverse land degradation – far short ‌of their own restoration targets – a study by the world's largest ​conservation network showed on Friday.

• The International Union for Conservation of Nature said countries had rehabilitated 124.3 million hectares or 10.4% of their collective national pledges.

• The land is ‌degraded by events ⁠including wildfires and drought, which scientists say human-induced climate change has made more likely.

• The ⁠report is published to coincide with a meeting in Ulaanbaatar, Mongolia, until August 28 to discuss land restoration as ​part ​of a series of U.N. ​meetings to combat drought ‌and desertification.

• Up to 40% of the world's land is degraded, U.N. estimates show, reducing food production, water availability and jobs.

• In Mongolia, the level is nearly 77% as overgrazing has exacerbated the problem of increased desertification ‌linked to climate change.

• The ​collective target of 1.2 billion hectares ​made under four ​different U.N. frameworks involves various timelines but ‌most converge around 2030, the ​IUCN said.

• IUCN ​Director General Grethel Aguilar said investing in restoration would address biodiversity loss and also bring economic ​returns.

• "Restoration isn't just ‌an environmental fix, it's one of the smartest ​investments we can make," Aguilar said.

(Reporting by Emma ​Farge; editing by Barbara Lewis)