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COP27: Farm climate innovation commitments double to $8 billion

World Materials 12 November 2022 01:57 (UTC +04:00)
COP27: Farm climate innovation commitments double to $8 billion

An initiative led by the United States and the United Arab Emirates to help agriculture adapt to climate change and reduce emissions through innovation has doubled investment commitments to $8 billion and extended its reach, it said on Friday, Trend reports citing Reuters.

The Agriculture Innovation Mission for Climate (AIM for Climate) was launched one year ago and seeks to accelerate innovation in "climate smart" agriculture globally up to 2025, as the world races to contain global warming below 1.5 degrees Celsius.

At the COP27 climate change talks in Sharm el-Sheikh it announced commitments for $7 billion of investments from 42 governments, and $1 billion in innovation initiatives aimed at small-holder farmers in developing economies, new technologies, agro-ecological research and methane reduction.

Farming is on the frontline of extreme weather but is also a major contributor to global emissions that cause warming.

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