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Wednesday / February 8. 2023

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HomeLive StockBill & Melinda Gates Foundation to invest $1.4 Bn to help smallholder farmers weather climate change impacts

Bill & Melinda Gates Foundation to invest $1.4 Bn to help smallholder farmers weather climate change impacts

To invest $1.4 billion to help smallholder farmers 

The Bill & Melinda Gates Foundation echoed African Leaders Call for countries to rapidly scale-up finance for climate adaptation and pledged to invest $1.4 billion to help smallholder farmers address the immediate and long-term impacts of climate change. The announcement was made by Mark Suzman, CEO of the Gates Foundation at the United Nations Climate Change Conference (COP27).

“The effects of climate change have already been devastating, and every moment the world delays action, more people suffer, and the solutions become more complex and costly,” said Suzman. “Our commitment will help smallholder farmers adapt today and build resilience for the future. It is essential for this climate summit to produce bold commitments that address immediate and long-term needs. Leaders must listen to the voices of African farmers and governments to understand their priorities and respond with urgency.”

The foundation’s commitment will fund immediate action and long-term initiatives over four years to help smallholder farmers in sub-Saharan Africa and South Asia build resilience and food security. Funding will focus on spurring African-led innovation to build a pipeline of climate-smart agriculture projects, new applications of digital technologies, climate-smart innovations for smallholder livestock farming, and support for women smallholder farmers to capitalise on their untapped potential.

“Women in rural Africa are the backbone of their food systems, but they have never had equal access to the resources they need to reach their full potential or build resilience to looming climate threats,” said Melinda French Gates, co-chair of the Bill & Melinda Gates Foundation. “As the climate crisis accelerates, women’s vital role in their economies is too important to overlook. With the right financing and marketing support, women smallholder farmers could earn more in a day than they currently earn in a month, ultimately transforming these regional food systems and unlocking a healthier, more sustainable, and more prosperous future for families and communities across the continent.”

“The climate crisis is causing enormous harm every day as it jeopardises entire regions of people and economies,” said Bill Gates, co-chair of the Bill & Melinda Gates Foundation. “More funding is necessary to ensure agricultural and technological innovations are widely available to vulnerable communities, helping them to adapt to climate change, save lives and increase economic growth.”

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