Gates Foundation Commits $310 Million for Climate Adaptation Action

Gates Foundation Commits $310 Million for Climate Adaptation Action

The Global Commission on Adaptation has announced commitments totaling more than $790 million in support of climate adaptation efforts, including $310 million over three years from the Bill & Melinda Gates Foundation.

Announced as part of an "action track" aimed at advancing adaptation efforts in the areas of agriculture and food security, the total includes $150 million from the World Bank, $35 million from the European Commission, and commitments from the governments of the Netherlands ($110 million), Sweden ($16 million), Switzerland ($33 million), the United Kingdom ($90 million), and Germany.

The funding will support the efforts of CGIAR, a global research partnership focused on the needs of poor farmers, to develop new food crops that can withstand higher temperatures, drought, and soils tainted with salt from rising seas. The commitments also will fund initiatives aimed at expanding access to climate-related digital advisory services for at least a hundred million smallholder farmers, strengthening markets and safety nets, and accelerating the development of adaptation technologies.

Led by former United Nations secretary-general Ban Ki-moon, Gates Foundation co-chair Bill Gates, and World Bank CEO Kristalina Georgieva and co-managed by the World Resources Institute and the Global Center on Adaptation, the commission recently called for $1.8 trillion in investments in climate adaptation in a report outlining the urgent need for climate action.

"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 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."