Emiratis lead on food. 134 countries endorsed the Emirates Food Declaration yesterday in COP28, the first of its kind commitment to adapt and “transform” food systems as part of broader climate action. The commitment which is not legally binding covers 75% of all GHG from food systems and represents 500 million farmers.
UAE $30bn. HH Sheikh announced $30bn towards the establishment of a fund for climate solutions. The private investment fund is understood to be inviting investments from other private entities. It’s unclear how much it can bridge the finance gap especially if private entities are unwilling to invest at below market rates.
