Gates Foundation donates $1.3 billion

18
Gates Foundation donates $1.3 billion
Gates Foundation donates $1.3 billion

Africa-Press – Seychelles. The Bill and Melinda Gates Foundation has donated $1.4 billion to help small farmers in Africa and Asia adapt to climate change, the philanthropic organization announced yesterday.

The amount will be distributed over four years to promote innovations that enable smallholder farmers to better withstand droughts, heat waves and extreme floods amplified by climate change.

“Additional funding is needed to ensure that agricultural and technological innovations are widely available to vulnerable communities,” Bill Gates, the billionaire co-founder of computer giant Microsoft, said in a statement.

The announcement was made on the occasion of the United Nations Conference on Climate Change (COP27), which takes place in Sharm el-Sheikh, Egypt, until the 18th.

Organizations representing 350 million small farmers defended, on the first day of work, that the construction of a “system that can feed the world on a warming planet” is a “priority” for COP27.

“The effects of climate change are already devastating and each time the world delays action, more people suffer and solutions become more complex and expensive,” said Gates Foundation Chief Executive Mark Suzman.

The funds donated by the foundation will mainly encourage new technologies, help women or promote innovations in livestock management.

A platform developed with Kenya will help farmers better anticipate climate threats, with text messages sent to their mobile phones that can help them save crops.

Experts welcomed the Gates Foundation’s announcement but insisted broader support was needed.

Elizabeth Robinson, director of the Center for Climate Change Economics and Policy, welcomed the announcement, which she called “important”, saying that “the scale of the problem is such that governments, the private sector and international organizations must increase their commitments with food security”.

For More News And Analysis About Seychelles Follow Africa-Press

LEAVE A REPLY

Please enter your comment!
Please enter your name here