$4 billion increased investment in climate-smart agriculture

agriculture

The Agriculture Innovation Mission for Climate (AIM for Climate) – a major new initiative led by the United Arab Emirates (UAE) and United States (US) with the support of over 30 governments launched at COP26 has announced an early harvest of $4 billion of increased investment to accelerate innovation for climate-smart agriculture and food systems over the next five years. 

The initiative, launched as part of the World Leaders’ Summit at the 26th United Nations Climate Change Conference (COP26), aims to increase and accelerate agricultural and food systems innovation in support of climate action.  While farmers and ranchers around the world face the impacts of climate change daily, nearly 25 per cent of all greenhouse gas emissions come from agriculture. AIM for Climate is focused on enabling innovation investment in a sector that employs over two billion people and feeds the world’s growing population. 

AIM for Climate’s diverse list of supporters include over 30 countries from six continents including the recent addition of Azerbaijan, Canada, and the United Kingdom, as well as numerous other non-governmental agencies.   

“The United States is proud to be launching the Agriculture Innovation Mission for Climate initiative alongside the United Arab Emirates and over 80 partners across the globe. Investment in climate-smart agriculture innovation is critical to addressing the climate crisis,” John Kerry, US special presidential envoy for climate, said. “Innovation can reduce emissions, feed the world’s growing population, and help farmers and ranchers mitigate and adapt to climate change. AIM for Climate has an impressive start, garnering $4 billion in increased investment in climate-smart agriculture and food systems innovation thus far, but together AIM for Climate partners can and must do more to catalyse even greater investment in the years ahead.  I look forward to seeing what AIM for Climate can accomplish and encourage more to join this effort.”  

This was a sentiment echoed by Dr Sultan Ahmed Al Jaber, UAE special envoy for climate change and UAE minister of industry and advanced technology. “AIM for Climate is focusing on a sector that has been previously overlooked in terms of the opportunities it offers for global climate action,” he added. “This initiative demonstrates the UAE’s holistic and inclusive approach to climate action, which characterises our offer to host COP28. The United Arab Emirates has already driven change in the energy sector through green innovation and growth, investing over $17 billion in clean energy around the world. AIM for Climate is a smart extension of that investment strategy.”  

AIM for Climate partners intend to catalyse greater public and private sector investment in, and other support for, climate-smart agriculture and food systems innovation to help to raise global ambition and underpin more rapid and transformative climate action in all countries, including by enabling science-based and data-driven decision and policymaking. AIM for Climate partners are committing to significantly increase total investment in agricultural innovation by 2025 versus the 2020 baseline. 

“A major part of the climate challenge revolves around food and agriculture,” Mariam bint Mohammed Almheiri, UAE minister of climate change and environment, continued. “When we consider that about a quarter of all greenhouse gas emissions come from agriculture, and the world’s growing population is increasingly dependent on climate-vulnerable food production, we can see the urgency of driving investments in agricultural innovation and R&D. AIM for Climate is the kind of bold move towards accelerating the global food systems transformation that we need, to achieve the Sustainable Development Goal (SDG) 2 and eradicate world hunger by 2030. The initiative will go a long way in mobilizing a global movement to strengthen food security, transform our food systems into more sustainable ones and mitigate climate change.”  

AIM for climate seeks to enable ambitious investment in climate-smart agriculture and food systems innovation to help create a surge of solutions, enabling the world to meet nutritional needs, increase agricultural productivity, improve livelihoods, conserve nature and biodiversity, build resilience to climate change, reduce greenhouse gas emissions, and sequester carbon.

Read more of our news stories here!

Popular Right Now
Related Posts
Others have also viewed

RWE and ArcelorMittal to enable low-emissions steelmaking

Energy company RWE and steel producer ArcelorMittal have signed a memorandum of understanding to work ...

Joint venture to produce large scale renewable hydrogen electrolysers

Siemens Energy and Air Liquide have announce the creation of a joint venture dedicated to ...

Global energy investment to grow by eight per cent in 2022

Global energy investment is set to increase by eight per cent in 2022 to reach ...

Pathway to a decarbonised power system by 2035 set out in new report

A new report published by RenewableUK sets out a series of key measures, including market ...