Current:Home > MarketsU.S. and UAE-backed initiative announces $9 billion more for agricultural innovation projects -InfinityFinance
U.S. and UAE-backed initiative announces $9 billion more for agricultural innovation projects
View
Date:2025-04-16 20:25:03
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! (471)
Related
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Robitussin's maker recalls cough syrup for possible high levels of yeast
- Ohio restricts health care for transgender kids, bans transgender girls from school sports
- 'Griselda' cast, release date, where to watch Sofía Vergara star as Griselda Blanco in new series
- Senate begins final push to expand Social Security benefits for millions of people
- Robitussin cough syrup recall issued nationwide due to microbial contamination
- Italy’s premier slams Stellantis over reduced Italian footprint since Peugeot-FiatChrysler tie-up
- This plant and these animals could be added to the Endangered Species Act
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Milwaukee Bucks to hire Doc Rivers as coach, replacing the fired Adrian Griffin
Ranking
- Why members of two of EPA's influential science advisory committees were let go
- Cheer coach Monica Aldama's son arrested on multiple child pornography charges
- Nick Dunlap turns pro after becoming first amateur to win PGA Tour event in 33 years
- He paid Virgin Galactic $200,000 for a few minutes in space. The trip left him speechless.
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Crystal Hefner says she felt trapped in marriage to late Playboy founder Hugh Hefner
- Violent crime in Los Angeles decreased in 2023. But officials worry the city is perceived as unsafe
- Texas man says facial recognition led to his false arrest, imprisonment, rape in jail
Recommendation
Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
NBC Sports, Cosm partner to bring college football to 'shared reality' viewing experience
Freed Israeli hostage says she met a Hamas leader in a tunnel, where she was kept in dire conditions
Cheap Fitness Products That Actually Work (and Reviewers Love Them)
John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
'Tótem' invites you to a family birthday party — but Death has RSVP'd, too
Egypt lashes out at extremist Israeli leaders after Netanyahu says IDF must seize Gaza-Egypt buffer zone
Texas man says facial recognition led to his false arrest, imprisonment, rape in jail