UAE-backed AIM for Climate aims at doubling investment to $8bn by COP27

The Agriculture Innovation Mission for Climate (AIM for Climate), a global initiative led by the UAE and the US with the support of over 140 government and non-government partners has unveiled plans to double its investment commitment to $8 billion by the 27th United Nations Climate Change Conference (COP27) in Sharm El-Sheikh, Egypt, reports say.

The ambitious investment goal, Trade Arabia reports, was announced at AIM for Climate’s first Ministerial Meeting, held at Expo 2020 Dubai, where government partners discussed the initiative’s priorities and plans for COP27.

AIM for Climate was launched at COP26 and encourages support and investments for climate-smart agriculture and food systems innovation to enable solutions at the intersection of global hunger and the climate crisis.

AIM for Climate is currently accepting innovation sprint proposals for 2022 and has identified four focal areas for innovation sprints to be launched at COP27: smallholder farmers in low- and middle-income countries, methane reduction, emerging technologies, and agroecological research.

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