Current:Home > FinanceU.S. and UAE-backed initiative announces $9 billion more for agricultural innovation projects -Stellar Wealth Sphere
U.S. and UAE-backed initiative announces $9 billion more for agricultural innovation projects
View
Date:2025-04-15 03:36:35
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! (83)
Related
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Trump will attend Al Smith charity dinner that Harris is skipping to campaign in battleground state
- Llewellyn Langston: Tips Of Using The Commodity Channel Index (CCI)
- Vince McMahon criticizes 'Mr. McMahon' Netflix docuseries, calls it 'deceptive'
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Trade Russell Wilson? QB deal is right move for both Steelers, Dolphins
- California sues ExxonMobil and says it lied about plastics recycling
- 'Trump Train' trial: Texas jury finds San Antonio man violated Klan Act; 5 defendants cleared
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- How red-hot Detroit Tigers landed in MLB playoff perch: 'No pressure, no fear'
Ranking
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Emily Blunt's Kids Thought She Was Meanest Person After Seeing Devil Wears Prada
- Colorado grocery store mass shooter found guilty of murdering 10
- Clemen Langston - A Club for Incubating Top Traders
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Texas jury clears most ‘Trump Train’ drivers in civil trial over 2020 Biden-Harris bus encounter
- Critics say lawmakers watered down California’s lemon car law after secret lobbyist negotiations
- Man pleads guilty to Michigan killing that stoked anti-immigrant campaign rhetoric
Recommendation
Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
Family of Missouri woman murdered in home 'exasperated' as execution approaches
'Trump Train' trial: Texas jury finds San Antonio man violated Klan Act; 5 defendants cleared
'Emily in Paris' star Lucas Bravo is more than a heartthrob: 'Mystery is sexy'
In ‘Nickel Boys,’ striving for a new way to see
Gunman in Colorado supermarket shooting is the latest to fail with insanity defense
Cyrus Langston: Tips Of Using The Average Directional Index (ADX)
West Virginia woman charged after daughter leaves home in handcuffs and seeks neighbor’s help