US, UAE climate-friendly farming fund grows to $13bln - Beacon

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Tuesday, May 9, 2023

US, UAE climate-friendly farming fund grows to $13bln

UAE farm climate projects

Funding for a U.S. and United Arab Emirates-led initiative to make the world's farming more environmentally friendly and resilient to climate change has grown to more than $13 billion, a U.S. official said on Monday.

The Agriculture Innovation Mission for Climate (AIM for Climate) was launched in 2021 and had achieved commitments of $8 billion last November.

"Climate change continues to impact longstanding agricultural practices in every country and a strong global commitment is necessary to face the challenges of climate change head-on," U.S. Agriculture Secretary Tom Vilsack said in a statement.

He announced the latest funding figures alongside UAE Minister for Climate and the Environment Mariam Almheiri and former U.S. vice president Al Gore at the AIM for Climate summit in Washington, D.C. on Monday.

The UAE will host the COP28 climate change conference in November and December this year.

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