Current:Home > StocksU.S. and UAE-backed initiative announces $9 billion more for agricultural innovation projects -NextGenWealth
U.S. and UAE-backed initiative announces $9 billion more for agricultural innovation projects
View
Date:2025-04-17 12:13:36
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! (9348)
Related
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Bush is hitting the road for greatest hits tour. Fans will get to see 1994 rock band for $19.94
- Shooter in Colorado LGBTQ+ club massacre intends to plead guilty to federal hate crimes
- Bush is hitting the road for greatest hits tour. Fans will get to see 1994 rock band for $19.94
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Mega Millions climbs to $236 million after January 16 drawing: See winning numbers
- World's oldest dog? Guinness World Records suspends Bobi the dog's title amid doubts about his age
- GOP Congressman Jeff Duncan won’t run for 8th term in his South Carolina district
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Owner of Bahamian diving experience launches investigation after shark attacks US boy
Ranking
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Louisiana lawmakers advance bill that would shift the state’s open ‘jungle’ primary to a closed one
- Ethnic Serbs in Kosovo hold a petition drive in hopes of ousting 4 ethnic Albanian mayors
- A scholar discovers stories and poems possibly written by Louisa May Alcott under a pseudonym
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- 'We're home': 140 years after forced exile, the Tonkawa reclaim a sacred part of Texas
- Extreme cold is dangerous for your pets. Here's what you need to do to keep them safe.
- Man accused in murder of missing Montana woman Megan Stedman after motorhome found: Police
Recommendation
The Super Bowl could end in a 'three
Cutting interest rates too soon in Europe risks progress against inflation, central bank chief says
Jason Kelce Shares Insight Into Future With NFL Amid Retirement Rumors
Virginia Senate panel defeats bill that aimed to expand use of murder charge against drug dealers
Sam Taylor
U.S. renews terrorist designation of Houthi rebels amid Red Sea attacks
Taylor Tomlinson excited to give fellow comedians an outlet on new CBS late-night show After Midnight
Oldest black hole in the universe discovered using the James Webb Space Telescope