Egypt, S.Arabia step up trade ties through coordination council talks    Egypt reviews progress on $200m World Bank-funded waste management hub    Egypt urges Israel to accept Gaza deal amid intensifying fighting    SCZONE showcases investment opportunities to eight Japanese companies    Egypt, ADIB explore strategic partnership in digital healthcare, investment    SCZONE, Tokyo Metropolitan Government sign MoU on green hydrogen cooperation    Egypt welcomes international efforts for peace in Ukraine    Al-Sisi, Macron reaffirm strategic partnership, coordinate on Gaza crisis    Contact Reports Strong 1H-2025 on Financing, Insurance Gains    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    Egyptian pound down vs. US dollar at Monday's close – CBE    Egypt's FM, Palestinian PM visit Rafah crossing to review Gaza aid    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



COP28: AIM for Climate announces $17bn initiative backed by Egypt
Published in Daily News Egypt on 12 - 12 - 2023

The Agriculture Innovation Mission for Climate (AIM for Climate) announced a significant boost to its efforts, with investments doubling to over $17bn and partnerships expanding to over 600 organizations, at the 28th UN Climate Change Conference (COP28), in Dubai.
The Agriculture Innovation Mission for Climate (AIM for Climate) announced a major boost at COP28, with investments doubling from $8bn to $17bn. The initiative, spearheaded by the United Arab Emirates and the United States, focuses on transformative climate-smart agriculture and food systems innovation. Egypt is among the 55 government partners contributing to the initiative, investing over $12b collectively.
This surge in funds includes a substantial contribution from prominent supporters including 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, the United States, the United Arab Emirates, the United Kingdom, Uruguay, and Vietnam. Additionally, there is an impressive investment of over $5bn from Innovation Sprints.
AIM for Climate took a dynamic approach by introducing 27 Innovation Sprints—initiatives spearheaded and self-funded by partners to expedite results in agricultural and food systems innovation. This brings the total number of Innovation Sprints to 78, more than doubling the count from COP27.
These sprints are aligned with AIM for Climate's Innovation Sprint focal areas, which include Smallholder Farmers in Low- and Middle-Income Countries, Emerging Technologies, Agroecological Research, and Methane Reduction.
The initiative's success is underpinned by a coalition that has expanded to include over 600 diverse partners, comprising governments, businesses, academia, non-profits, and think tanks.
AIM for Climate's co-leads, US Secretary of Agriculture Tom Vilsack and UAE Minister of Climate Change & Environment, Mariam bint Mohammed Almheiri, unveiled these achievements at the UAE Pavilion during COP28. These announcements signify AIM for Climate's substantial progress in significantly increasing investment and other support for climate-smart agriculture and food systems innovation from 2021 to 2025.
Prominent figures at the event stressed the urgent need for innovative approaches in agriculture and food systems to tackle the climate crisis.
They underscored the importance of investing in climate-smart agriculture and food systems, illustrating how AIM for Climate's partners and Innovation Sprints are driving innovation through new investments.
In line with the ongoing discussions at COP28, revolving around the intersection of climate change, food systems, and agricultural innovation, AIM for Climate has emerged as a beacon of commitment to developing sustainable and resilient agricultural practices to address climate change and global hunger.
During the event, Almheiri remarked, "We are witnessing tremendous progress in transforming the global food and agricultural systems at COP28." She highlighted the world's collective efforts towards the implementation of the 'COP28 UAE Declaration on Sustainable Agriculture, Resilient Food Systems, and Climate Action,' endorsed by 134 nations, in addition to non-state partners. Almheiri emphasized AIM for Climate's significant traction as a crucial step in promoting climate-smart agriculture through innovation and advanced technology.
Vilsack echoed the sentiment, stating, "As we convene at COP28, I am pleased to announce our new investments and partnerships under the AIM for Climate initiative." He emphasized the shared commitment to accelerating investments in transformative food systems and climate-smart agricultural innovations, looking ahead to collaboration on the road to COP30. Vilsack asserted that these joint efforts aim not only at agricultural advancements but at nurturing ambition, catalyzing action, and fostering hope for a more sustainable, resilient, and prosperous world for all.


Clic here to read the story from its source.