COP27: Farm climate innovation commitments double to $8 billion

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COP27: Farm climate innovation commitments double to $8 billion
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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.

The Agriculture Innovation Mission 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.

AIM will help farmers deal with challenges that have become more apparent this year, said U.S. Secretary of Agriculture Thomas Vilsack: productivity losses linked to climate change, and higher input costs resulting from the COVID-19 pandemic and the war in Ukraine. Agriculture could get to net zero "a bit faster than maybe some of the other industries that are commonly discussed when we talk about climate," he said.

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