A person passes by on a scooter in front of the Bill & Melinda Gates Foundation in Seattle, Washington, U.S. May 5, 2021. REUTERS/Lindsey Wasson/File Photo
DOHA, March 27 (Reuters) – Major gas producer Qatar and the Gates Foundation will jointly invest up to $200 million over the next two years to help prepare farmers in developing countries to adapt to climate change.
The new partnership, announced on Sunday at a conference in the Gulf Arab state, focuses on introducing climate-adaptive farming methods and technology to communities that depend on agriculture for both food and income, primarily in sub-Sahran Africa, said Mark Suzman, chief executive officer of the Gates Foundation.
"We are trying to help those communities grapple with the reality of climate change now and, in a way, help insulate them from the future damages of climate change," which can pull them deeper into poverty, he told Reuters.
For example, the partnership aims to introduce dual-use chickens, raised for both food and egg production, to low-income women farmers in parts of Africa. The chickens are bred to be productive in a variety of climate conditions.
"Climate change is already happening. We are already seeing more frequent droughts, more frequent floods, less predictable weather," Suzman said.
The Bill and Melinda Gates Foundation is a major nonprofit that tackles poverty and inequity. It will fund the partnership on a 50-50 basis with Qatar's state Fund for Development, Suzman said.
Our Standards: The Thomson Reuters Trust Principles.
Subscribe to our sustainability newsletter to make sense of the latest ESG trends affecting companies and governments.
Subscribe to our newsletter to get all the news you need to start your day.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
The industry leader for online information for tax, accounting and finance professionals.
Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile.
Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.
All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
© 2022 Reuters. All rights reserved