Emirates News Agency – Agriculture Innovation Mission for Climate announces $8 billion doubled investment at COP27

SHARM EL SHEIKH, 11th November, 2022 (WAM) — The Agriculture Innovation Mission for Climate (AIM for Climate), a global initiative launched last November during the 26th United Nations Climate Change Conference (COP26) by the United Arab Emirates and the United States, today announced a doubling of increased partner investment in climate-smart agriculture and food systems innovation and a tripling of innovation sprints and partners since the launch of the initiative at COP26.

With the support of over 275 governmental and non-governmental partners, AIM for Climate announced an increase in investments of over $8 billion, up from $4 billion at COP26, representing a doubling of investments. The increased investment includes more than $7 billion from government partners with contributions from Australia, Bangladesh, Canada, Denmark, the European Commission, Finland, Hungary, Ireland, Israel, Japan, Lithuania, New Zealand, Republic of Korea, Romania, Singapore, Spain, Sweden, Ukraine, United States, United Arab Emirates,
UK, Uruguay, Vietnam and more than $1 billion investment from Innovation Sprints.

AIM for Climate has announced 22 innovation sprints – initiatives led and funded by partners to achieve a specific result or result in agricultural innovation. There are now 30 innovation sprints that generally align with one or more focus areas: smallholder farmers in low- and middle-income countries, emerging technologies, agroecological research, and methane reduction.

Investments are enabled and supported by a tripling of the AIM for Climate coalition of partners in this growing initiative, which now has more than 275 partners, including governments, businesses, universities, nonprofits, think tanks and more. The series of announcements at COP27 underpin AIM for Climate’s overall goal to significantly increase investment and other support for innovation in climate-smart agriculture and food systems over the period 2021 to 2025.

Diversity, gender equity and inclusion are critical to the success of AIM for Climate, which recognizes the wide range of participants needed to achieve its goal and seeks to create dialogue and build on knowledge, diverse experiences and cultures. Leveraging its growing network of partners, AIM for Climate announced the launch of the “AIM for Climate Innovation Hub”, which connects partners and reinvigorates the conversation around climate-smart agriculture and community innovation. food systems through cross-collaboration and information exchange.