Current:Home > ContactU.S. and UAE-backed initiative announces $9 billion more for agricultural innovation projects -EverVision Finance
U.S. and UAE-backed initiative announces $9 billion more for agricultural innovation projects
View
Date:2025-04-11 17:58:55
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! (74496)
Related
- The Grammy nominee you need to hear: Esperanza Spalding
- A 13-foot (and growing) python was seized from a New York home and sent to a zoo
- Surfer Caroline Marks took off six months from pro tour. Now she's better than ever.
- What's at stake in Michigan vs. Texas: the biggest college football game of Week 2
- 2 killed, 3 injured in shooting at makeshift club in Houston
- US widens indictment of Russians in ‘WhisperGate’ conspiracy to destroy Ukrainian and NATO systems
- NFL schedule today: Everything to know about Packers vs. Eagles on Friday
- Taylor Swift spotted at first Chiefs game of season to support Travis Kelce
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- How Nick Saban became a Vrbo commercial star, including unscripted 'Daddy time in the tub'
Ranking
- A South Texas lawmaker’s 15
- Commanders fire VP of content over offensive comments revealed in videos
- US Open: Aryna Sabalenka beats Emma Navarro to reach her second consecutive final in New York
- FBI received tips about online threats involving suspected Georgia shooter | The Excerpt
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- New Mexico starts building an abortion clinic to serve neighboring states
- North Carolina judge rejects RFK Jr.'s request to remove his name from state ballots
- The Deteriorating Environment Is a Public Concern, but Americans Misunderstand Their Contribution to the Problem
Recommendation
Current, future North Carolina governor’s challenge of power
Ravens' Ronnie Stanley: Refs tried to make example out of me on illegal formation penalties
Chiefs look built to handle Super Bowl three-peat quest that crushed other teams
Behati Prinsloo's Sweet Photos of Her and Adam Levine's Kids Bring Back Memories
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
Why Viral “Man In Finance” TikToker Megan Boni Isn’t Actually Looking for That in Her Next Relationship
McDonald's changing up McFlurry with new mini versions, eco-friendly lids
Why is my dog eating grass? 5 possible reasons, plus what owners should do