US-UAE climate-friendly farming effort grows to $17 billion By Reuters

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<span>© Reuters. FILE PHOTO: People on horses ride past a soy plantation affected by a long drought that finally ended this month by the arrival of rain, is pictured in a farm in 25 de Mayo, in the outskirts of Buenos Aires, Argentina January 24, 2022. REUTERS/Agustin Mar</span><br />
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<p>By Leah Douglas and Simon Jessop</p>
<p>(Reuters) – Funding for a joint effort by the United States and United Arab Emirates to advance climate-friendly farming around the world has grown to more than $17 billion, the countries announced on Friday at the COP28 climate summit in Dubai.</p>
<p>The Agriculture Innovation Mission for Climate (AIM for Climate) was launched in 2021 at COP26 in Glasgow and its funding comes from governments, companies, and non-governmental organizations. </p>
<p>Globally, food and farming contribute about a third of anthropogenic greenhouse gas emissions, according to the U.N.’s Food and Agriculture Organization.</p>
<p>Nearly 80 projects have been announced under the AIM for Climate initiative since 2021, with goals to expand agricultural research, implement sustainable farming practices, and reduce methane emissions.</p>
<p>“This partnership embodies our shared commitment to accelerating investments in transformative food systems and climate-smart agricultural innovations,” said Agriculture Secretary Tom Vilsack in a statement.</p>
<p>Funding for the effort has grown from $13 billion in May, when the U.S. and UAE co-hosted an AIM for Climate summit in Washington, and from $8 billion at COP27.</p>
<p>The new total includes $12 billion from governments and $5 billion from non-government parties such as companies and humanitarian organizations, said an AIM for Climate spokesperson.</p>
<p>The 27 new projects announced at COP28 range in size from $500 million to $150,000.</p>
<p>Partners in one of the largest initiatives, aimed at expanding regenerative agriculture, include <span itemscope="" itemtype="http://schema.org/Corporation"><span itemprop="name"> Bunge </span></span> (NYSE:), Google (NASDAQ:), The Nature Conservancy and the Brazilian state of Para. Regenerative agriculture generally refers to practices like reduced tillage of cropland and lower pesticide use.</p>
<p>For the first time, agriculture is a major focus at this year’s climate summit, with a full day on Dec. 10 dedicated to food and farming topics. </p>
<p>“We are witnessing tremendous progress in transforming the global food and agricultural systems at COP28,” said UAE Minister for Climate and the Environment Mariam Almheiri in a statement.</p>
<p>Advocacy groups want the nations and companies in attendance to pledge to tackle agricultural methane emissions in particular, most of which is from livestock production. </p>
<p>(This story has been corrected to clarify the relationship between the partners in paragraph 9) </p>
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