Food Gets Funding for Climate Change Fight During COP28 - Bloomberg
Food Gets Funding for Climate Change Fight During COP28 - Bloomberg
The Money Food Badly Needs for Climate Fight Is Rolling In
- Food’s climate solutions secure billions in pledges at COP28
- This year’s climate summit has put food high on the agenda
A farmer pours water on himself while working at a wheat farm in Punjab, India in May 2022. Photographer: Bloomberg/Bloomberg
Supercharging crop seeds to better withstand drought. Breeding cows that burp out less methane. And tracking cattle to prevent deforestation.
They’re part of the arsenal the world needs for food’s climate fight, and they’re getting a big cash boost.
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The Money Food Badly Needs for Climate Fight Is Rolling In
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”