A fund aiming to promote food security while combatting climate change mobilized $2.5 billion on the second day of the global climate summit on Friday. The fund is part of a declaration on sustainable agriculture, resilient food systems, and climate action.
The declaration, an initiative of hosts UAE, was announced at a special session led by Indonesian President Joko Widodo, Italian Prime Minister Giorgia Meloni, Samoan Prime Minister Fiamē Naomi Mataʻafa and US Secrtary of State Anthony J. Blinken.
Additionally, the Bill and Melinda Gates Foundation joined to commit $200 million in funding to respond to immediate and long-term threats to food security and nutrition caused by climate change.
The initiative seeks to address global emissions while protecting the lives and livelihoods of farmers who live on the frontlines of climate change.
The $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.
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