Bill Gates, others announce new $790mn funding for agriculture resilience
Climate change, which is bringing more droughts, flooding and extreme weather events, is already taking a severe toll on farmers, especially in developing countries.
The Bill and Melinda Gates Foundation, the World Bank, and several governments at the UN Climate Action Summit in New York, yesterday, announced financial commitments of $790 million and assistance to enhance resilience of over 300 million small-scale food producers in the face of mounting climate impacts.
Climate change, which is bringing more droughts, flooding and extreme weather events, is already taking a severe toll on farmers, especially in developing countries, the group noted. Climate change may depress growth in global agriculture yields up to 30 percent by 2050. Meanwhile in poorer communities, where many people spend more than half of their incomes on food, food prices could rise by 20 percent or more. These impacts would push people further into poverty and be a major setback in achieving the Sustainable Development Goals.
The commitment follows the recently released flagship report from the Global Commission on Adaptation that calls for global leadership to accelerate adaptation. The Commission finds that investing in adaptation can yield significant economic, environmental and social benefits.
The Commission is led by Ban Ki-moon, 8th Secretary General of the United Nations; Bill Gates, Co-chair of the Bill and Melinda Gates Foundation; and Kristalina Georgieva, CEO of the World Bank (currently on a leave of absence following her nomination for Managing Director of the IMF), together with 31 other Commissioners. The Commission will announce several Action Tracks as part of its “Year of Action,” which goes through 2020, including at the Global Adaptation Summit hosted by the Netherlands in October 2020. Enhancing the resilience of small-holder producers is one of the core initiatives of the Commission’s track on agriculture and food security.
The Bill and Melinda Gates Foundation pledged $310 million dollars over the next three years for CGIAR, a global partnership that unites international organizations engaged in research for a food-secured future. Additional financial support and resources will be provided by the Netherlands, European Commission, Sweden, Switzerland, United Kingdom, Germany, and the World Bank.
Bill Gates and the Global Commission on Adaptation, announced the financial commitments on the main stage of the UN Climate Action Summit. He was joined on stage by Egyptian President Abdel Fattah Al Sissi, Bangladesh Prime Minister Sheikh Hasina, Ghanaian President Addo Dankwa Akufo-Addo, and World Bank Group President David Malpass.
“Most people have never heard of it, but CGIAR has done more to feed the world’s poorest people than any other organization on earth,” said Bill Gates. “Ultimately we need to double funding for CGIAR research to fully equip this unique and valuable institution to confront a wide range of climate challenges. These commitments are a critical down payment toward reaching that goal.”
Ban Ki-moon said “Without urgent action to help the world’s smallholder farmers we risk undermining our food security for generations to come. Today’s financial commitments are a positive step forward, but more must be done to ensure the world’s farmers are equipped for long-term sustainable, climate-smart production.”
“The World Bank is working towards a stepped-up effort on agricultural research in Africa. Towards this end, the Bank intends to work with its partners to develop an IDA financing package of $60 million for CGIAR-based institutions in Africa,” said Axel van Trotsenburg, World Bank Acting CEO. “Together with its on-going contributions, the Bank could potentially provide support in the order of $150 million over the next three years.”
The financial resources will support the CGIAR in developing innovations that will help smallholder farmers improve their livelihoods and build resilience in the face of climate change. The CGIAR, which hosts the world’s largest network of crop breeders focused exclusively on the needs of poor farmers, is pioneering the development of a new generation of food crops that can endure drought, floods, higher temperatures and soils tainted with salt from rising seas.
Additional initiatives under the Commission’s Agriculture and Food Security track, include: expanding access to climate-related digital advisory services for at least 100 million small-scale producers by 2030; scaling up access for at least 100 million small-scale producers to reach insurance, markets, finance, and productive safety nets; and improving access to and use of adaptation technologies and agroecological practices for 100 million small-scale producers.
The following is a breakdown of the major commitments to date:
• The Bill and Melinda Gates Foundation has committed $310 million commitment to the CGIAR for 2020-22.
• The Netherlands will reorient €100 million ($110 million USD) towards food systems that are not only more productive and profitable, but also more adaptive and resilient. The Netherlands will also increase its contribution to the CGIAR to €50 million ($55 million USD) over 2 years.
• The World Bank expects to provide about $150 million in support to CGIAR over the next three years.
• The European Commission has committed €32.3 million ($35 million USD) for the CGIAR for 2020-21.
• Switzerland has committed 33.1 million CHF ($33 million USD) for 2020-21 to the CGIAR.
• Sweden has committed to increase funding for the CGIAR to 150 million SEK ($16 million USD) in 2019.
• The UK, through DFID, is committing £45 million ($56 million USD) for the CGIAR in 2020, alongside an additional £27 million ($34 million USD) to support the Global Commission’s recommendations on agriculture.
• Germany, through the Federal Ministry for Economic Cooperation and Development (BMZ) commits to strengthen the resilience 60 million small-scale farmers. In addition, BMZ together with partners of the InsuResilience Global Partnership, aims at scaling-up access to micro-insurance for 150 million people by 2025, of which more than 90 percent will be smallholder farmers.
The 2016 AGRF hopes to advance policies and secure investments to impact the lives of millions of African farmers.
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