| 21 May 2024, Tuesday |

UAE and US launch joint $4 bln sustainable agriculture plan

President Joe Biden announced a $4 billion agriculture initiative between the UAE and the United States at the COP26 climate summit.

The Agriculture Innovation Mission for Climate (AIM for Climate) aims to develop technology that will reduce greenhouse gas emissions from agriculture.

Biden invited world leaders to help double the investment in time for the next COP summit in 2022, speaking at COP26 in Glasgow, Scotland.

According to a statement from the official UAE news agency WAM, the program will focus on creating jobs and wealth by developing environmentally sustainable agricultural technology.

More than 30 countries, including the United States, Uk, and Canada have backed the five-year plan.

The Bill and Melinda Gates Foundation, PepsiCo, the United Nations Foundation, and the World Economic Forum are among the organizations that have pledged to be program partners.

AIM for Climate “demonstrate the UAE’s holistic and inclusive approach to climate action, which characterizes our offer to host COP28,” said UAE Industry Minister Dr Sultan Ahmed al-Jaber in a statement carried by WAM.

“The UAE has already driven change in the energy sector through green innovation and growth, investing over US$17 billion in clean energy globally,” al-Jaber added.

“AIM for Climate is an intelligent extension of that investment strategy.”

“We must invest in innovative, science-based solutions to help agriculture mitigate and adapt to climate change – and that’s what AIM for Climate is all about,” said US Agriculture Secretary Tom Vilsack.

  • alarabiya