$2.5 billion in funding to support food security
Also announced at the COP28 session was the mobilization of more than US$2.5 billion in funding to support food security while combatting climate change and a new partnership between the UAE and the Bill and Melinda Gates Foundation for food systems innovation in the face of climate change.
Other key announcements made at the session include:
• The UAE and the Bill & Melinda Gates Foundation launched a US$200 million partnership for Food Systems, Agriculture Innovation and Climate Action, focused on agricultural research, scaling agricultural innovations and funding technical assistance for implementing the Declaration.
• The UAE is joining the CGIAR, a global partnership that unites international organizations engaged in research about food security, resilience, and climate adaptation.
• COP28 and a group of partners announced a collaborative effort to offer countries quality technical cooperation and to help deliver on the objectives of the Declaration. The partners behind the Technical Cooperation Collaborative pledged more than $200 million in new and newly aligned support, while also committing to increase coordination across their wider portfolios.
• COP28 UAE, together with the World Business Council on Sustainable Development (WBCSD) and the Boston Consulting Group (BCG), supported by the UN Climate Change High-Level Champions, launched the Action Agenda on Regenerative Landscapes. This will see leading food and agriculture organizations join forces to scale regenerative agriculture, transitioning 160 million hectares to regenerative agriculture by 2030, accompanied by $2.2 billion in future investment, and engaging 3.6 million farmers world-wide.
• The High-Level Champions, in collaboration with non-government actors including farmers, Indigenous Peoples, consumers, cities, youth, businesses, financial institutions, philanthropies and others, launched a Call to Action for Transforming Food Systems for People, Nature, and Climate, in support of the Declaration and to highlight the urgent need to take action on food systems by all actors.
