Agriculture Innovation Mission for Climate more than doubles investments to $17 billion at COP28

The Agriculture Innovation Mission for Climate (AIM for Climate), a global initiative spearheaded by the UAE and the US, today announced more than doubling of investments, partners, and Innovation Sprints in transformative climate-smart agriculture and food systems innovation, at COP28.

With the support of over 600 government and non-government partners, AIM for Climate announced an increased investment of more than $17 billion, up from $8 billion at COP27, representing a more than doubling of investments.

The increased investment comprises over $12 billion from government partners, with contributions from Australia, Bahrain, Bangladesh, Brazil, Canada, Colombia, Denmark, the Dominican Republic, the European Commission, Finland, Germany, Guatemala, Honduras, Hungary, Ireland, Israel, Japan, Lithuania, Mexico, Morocco, the Netherlands, New Zealand, the Philippines, the Republic of Korea, Romania, Singapore, Spain, Sweden, Ukraine, United States, United Arab Emirates, United Kingdom, Uruguay, and Vietnam and
over $5 billion investment from Innovation Sprints.

Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, said, ‘We are witnessing tremendous progress in transforming the global food and agricultural systems at COP28, which has placed the theme at the heart of the Presidency agenda.

The world has rallied together for the implementation of the ‘COP28 UAE Declaration on Sustainable Agriculture, Resilient Food Systems, and Climate Action’ with 139 nations endorsing it, in addition to support gained from non-state partners.

The significant traction gained by AIM for Climate is another step-in promoting climate-smart agriculture, driven by innovation and advanced technology, which is critical to strengthening productivity and building sectoral resilience.’

AIM for Climate introduced 27 Innovation Sprints, initiatives led and self-funded by partners to achieve expedited results in agricultural and food systems innovation. There are now 78 Innovation Sprints in total, more than double wh
at was announced at COP27, aligned with one or more of AIM for Climate’s Innovation Sprint focal areas: Smallholder Farmers in Low- and Middle-Income Countries; Emerging Technologies; Agroecological Research; and Methane Reduction. To view all AIM for Climate Innovation Sprints, including those announced at COP28, please visit this link.

The investments in the AIM for Climate initiative are enabled and supported by a coalition that has more than doubled in partners to over 600. This diverse group includes governments, businesses, academia, non-profits, think tanks, and more.

The new investments, partners, and Innovation Sprint announcements were made by AIM for Climate co-leads US Secretary of Agriculture Tom Vilsack and Mariam bint Mohammed Almheiri at the UAE Pavilion, COP28.

These announcements underpin AIM for Climate’s progress in significantly increasing investment in and other support for climate-smart agriculture and food systems innovation over the period of 2021 to 2025.

Dignitaries at the event
emphasised the urgent need for innovative approaches in agriculture and food systems to confront the climate crisis. Additionally, they highlighted the importance of investing in climate-smart agriculture and food systems, demonstrating how AIM for Climate partners and Innovation Sprints are driving innovation through new investments.

Through these collaborative efforts, AIM for Climate demonstrates a commitment to developing sustainable and resilient agricultural practices to address climate change and global hunger.

The remarks at the event reflected the ongoing discussions at COP28, revolving around the intersection of climate change, food systems, and agricultural innovation.

AIM for Climate was launched by the President of the United States at COP26. The initiative recognises the wide range of participants necessary to achieve its goal and seeks to draw on diverse knowledge, experiences, and cultures.

Source: Emirates News Agency