Current:Home > MarketsU.S. and UAE-backed initiative announces $9 billion more for agricultural innovation projects -TradeWisdom
U.S. and UAE-backed initiative announces $9 billion more for agricultural innovation projects
Indexbit Exchange View
Date:2025-04-08 17:01:17
DUBAI, United Arab Emirates (AP) — An additional $9 billion of funding to tackle agriculture’s role in the climate crisis was announced on the sidelines of the United Nations climate talks on Friday.
The Agriculture Innovation Mission (AIM) for Climate, a joint initiative led by the United States and the United Arab Emirates that debuted at the climate talks in Glasgow two years ago, now has $17 billion to invest in agriculture and food systems innovation. Food systems — all the processes involved in making, shipping and disposing of food — account for about a third of planet-warming greenhouse gas emissions.
Countries have been convening at the annual Conference of the Parties to discuss and negotiate what to do about climate change that has Earth bumping up against the Paris agreement target of limiting warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) since industrial times. With difficult negotiations still underway on how aggressively countries might agree to cut fossil fuel use, it’s been easier for nations and companies to announce funding for programs not directly related to that issue.
This year’s summit, COP28, is unique in its emphasis on farming. “We would not be able to reach 1.5 degrees if we don’t fix our food and ag sector,” UAE Minister for Climate and the Environment Mariam Almheiri said in a press conference in Dubai on Friday.
The funding announced Friday is enough money and will support enough different approaches to be a good start, said Mario Herrero, a professor of food systems and global change at Cornell University. But he added that the real test will be to see whether more money comes in, and whether the projects are held accountable for doing what they say they will.
“That’s something we will need to monitor very carefully, whether this is largely greenwashing,” Herrero said.
Projects the initiative has funded in the past include building a $500 million agri-processing plant in Nigeria, restoring degraded pastureland in Brazil and backing research to reduce synthetic nitrogen.
The new projects being funded address a wide range of areas. Some, like a $500 million action agenda on “regenerative agriculture,” have no single definition but involve a range of techniques that encourage farmers to switch to practices that lower emissions. Others target food manufacturing and processing or animal feed and fertilizer. The most futuristic range from developing microbes to store carbon in soil to using food-safe industrial waste to produce microalgae that help grow oysters on land.
Many of the projects are targeted at middle- and low-income countries, where farmers often have less technology at their disposal to combat climate change. But while some are targeted at reducing waste, none of the new projects mentioned had an explicit focus on reducing consumption. Wealthier countries eat more of the foods like meat and dairy that make up the vast majority of global food-related emissions.
If the funding helps low- and middle-income countries adapt to climate change while also helping them mitigate emissions, that’s a good thing, Herrero said.
“Now the hard work starts,” Herrero said.
___
Walling reported from Chicago.
___
Associated Press climate and environmental coverage receives support from several private foundations. See more about AP’s climate initiative here. The AP is solely responsible for all content.
veryGood! (79)
Related
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Federal Reserve is likely to preach patience as consumers and markets look ahead to rate cuts
- When do new episodes of 'Invincible' come out? See full Season 2 Part 2 episode schedule
- What is chamomile tea good for? Benefits for the skin and body, explained.
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Anne Hathaway wants coming-of-age stories for older women: 'I keep blooming'
- Purdue knows nothing is a given as No. 1 seed. Tennessee and Texas provide intriguing matchup
- Denver police investigate double homicide at homeless shelter
- A South Texas lawmaker’s 15
- See the heaviest blueberry ever recorded. It's nearly 70 times larger than average.
Ranking
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- 8-year-old Kentucky boy dies after eating strawberries at school fundraiser: Reports
- Florida center Micah Handlogten breaks leg in SEC championship game, stretchered off court
- As more states target disavowed ‘excited delirium’ diagnosis, police groups push back
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- One Way Back: Christine Blasey Ford on speaking out, death threats, and life after the Kavanaugh hearings
- South Carolina and Iowa top seeds in the women’s NCAA Tournament
- When is Final Four for March Madness? How to watch women's and men's tournaments
Recommendation
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
Suspect in fatal shooting of New Mexico State police officer captured
Lucky Day: Jerome Bettis Jr. follows in father's footsteps, verbally commits to Notre Dame
‘I saw pure black’: A shotgun blast pulverized Amedy Dewey's face. What now?
South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
'Kung Fu Panda 4' tops box office for second week with $30M, beats 'Dune: Part Two'
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Bring the Heat
Scottie Scheffler becomes first golfer to win back-to-back Players Championships