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    • News
    • COP29

    $1B to strengthen weather forecasting for farmers announced at COP29

    The package of new and existing investments come from a consortium of partners as part of AIM for Scale, an initiative launched last year to scale up innovations to help farmers on the frontlines of climate change.

    By Ayenat Mersie // 15 November 2024

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    A high-profile global initiative to scale up innovations to help farmers on the frontlines of climate change has introduced its first package of investments: $1 billion aimed at bringing them improved weather forecasting.

    The investments are part of the Agriculture Innovation Mechanism for Scale, or AIM for Scale, and come from a consortium of partners including the World Bank and USAID. Each institution has pledged to channel money or resources into tools aimed at helping farmers across Asia, Latin America, and Africa.

    AIM for Scale was announced at climate conference COP28 as part of a partnership between the Gates Foundation and the United Arab Emirates. Its first major announcement, or “innovation package,” as the group calls it, is focused on harnessing the power of artificial intelligence technology in weather forecasting — which, some experts say, can lead to faster and more accurate predictions at a lower cost.

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    About the author

    • Ayenat Mersie

      Ayenat Mersie

      Ayenat Mersie is a Global Development Reporter for Devex. Previously, she worked as a freelance journalist for publications such as National Geographic and Foreign Policy and as an East Africa correspondent for Reuters.

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