COP27 Summary
COP27 was an exciting and critical time for the Africa Adaptation Initiative (AAI) and a number of key milestones were achieved. At the conference in Sharm El-Sheikh, Egypt, President Biden pledged US$25 million to the AAI Food Security Accelerator, the European Union and Germany each committed €5 million (US$5.25M) of funding, and George Soros’ Open Society Foundations pledged a further US$4.5 million, bringing total new finance commitments of around US$40 million. At the conference we also presented the executive summary of the AAI State of Adaptation in Africa Report 2022 and celebrated the launch of our new steering committee.