Funding For US, UAE Farm Climate Project Grows To $13 Billion
Date
5/9/2023 12:14:33 AM
(MENAFN- Trend News Agency) Funding for a US and United Arab Emirates-led initiative to
advance climate-friendly farming practices around the world has
grown to more than $13 billion, a US official said on Monday,
trend reports
citing al
arabiya .
The Agriculture Innovation Mission for Climate (AIM for Climate)
was launched in 2021 and seeks to unite nations to cut agriculture
emissions, which account for about 10 percent to 12 percent of
greenhouse gas emissions from sources like livestock manure,
machinery and fertilizer application, according to the
Intergovernmental Panel on Climate Change.
US Agriculture Secretary Tom Vilsack announced the latest
funding figures at the AIM for Climate summit in Washington, DC, on
Monday during an appearance alongside UAE Minister for Climate and
the Environment Mariam Almheiri and former US vice president Al
Gore.
About $10 billion of the $13 billion investment is from
governments and the rest is from non-government parties funding
initiatives to support smallholder farmers, emerging technologies
and methane reduction, a US Department of Agriculture spokesperson
said.
“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,”
Vilsack said in a statement.
The UAE will host the COP28 climate change talks this fall. As
of COP27 last November, $8 billion had been pledged for AIM for
Climate.
The AIM for Climate summit lasts through Wednesday and will
feature officials from Canada, the United Kingdom and the
Netherlands as well as academics and company executives.
MENAFN09052023000187011040ID1106205099
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.