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The Independent UK
The Independent UK
National
Thalia Beaty

At least $2.1 billion in new funds pledged at COP28, as foundations focus on health and agriculture

Copyright 2023 The Associated Press. All rights reserved.

With the United Nations climate talks wrapping up in Dubai, foundations and other funders pledged at least $2.1 billion in new financing to reduce climate impacts, especially from agriculture, and increasing help for vulnerable communities.

The Conference of Parties to the UNFCCC, or COP28 summit, featured numerous firsts, including forums on health, food production and philanthropy. The estimated pledges, which do not represent a complete account of philanthropic commitments at COP28, came from a mix of foundations and private companies with some made in partnership with governments. They will be delivered over a range of timelines.

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