Dubai (Union)
The Agricultural Climate Innovation Initiative, the global initiative led by the UAE and the United States of America and supported by more than 140 government and non-governmental partners, has announced a new goal to increase its investment commitments from the $4 billion pledged at the launch of the initiative in 2021, to $8 billion dollars by the twenty-seventh session of the Conference of the States Parties to the United Nations Convention on Climate Change (COP27) in Sharm El Sheikh, Egypt.
The ambitious investment goal was announced at the first ministerial meeting of the “Agri-Climate Innovation Initiative”, which was held at “Expo 2020 Dubai”, where government partners discussed the initiative’s priorities and plans for the twenty-seventh session of the Conference of the States Parties to the United Nations Convention on Climate Change. During the meeting, the initiative welcomed the new members Chile, Costa Rica, Egypt, the European Commission, Guyana, Mozambique and Turkey to its alliance, and announced the “Agri-Climate Innovation Initiative Envisions”, a new collaboration opportunity for partners, and the pivotal areas of innovation acceleration processes in 2022 that will be launched at COP27. ).
Her Excellency Maryam bint Mohammed Al Muhairi, Minister of Climate Change and Environment, said: “Agriculture and food systems offer tremendous opportunities for global climate action. By spurring innovation in climate-smart agriculture, we can reduce harmful emissions and sequester carbon, sustainably increase productivity to feed a growing global population, and support farmers on the front lines to be able to adapt and adapt to the effects of climate change. While the Agricultural Innovation Climate Initiative (ACI) made a good start at the twenty-sixth session of the Conference of the Parties to the United Nations Climate Change Conference, we are striving to reach an even better level by mobilizing more investment and coordinated support to advance the transformation of global food systems. By working together and leveraging the diverse knowledge and experience of countries and actors along the value chain, we can make a quantum leap in agricultural innovation and address common climate challenges.”
U.S. Secretary of Agriculture Tom Vilsack said: “Today’s ACI government partners demonstrated their strong commitment to working together to bridge the investment gap in climate-smart agriculture and innovation in food systems, which is essential to address the dual challenge of global hunger and the climate crisis. We are proud of the wide variety of ACI partners that work to deliver impactful solutions to all peoples. The initiative seeks to expand its network by adding new participants from all over the world.
