Gates Foundation, EU pledge over $500 million for agricultural research and innovation

| | December 19, 2017
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The European Union together with the Bill and Melinda Gates Foundation pledged … more than €500 million [$589 million] over the next three years for research and innovation in agriculture.

The EU, which is the largest donor for development aid, and the Bill and Melinda Gates Foundation, which is the larger philanthropist organisation in this field, will work together on a joint initiative to drive research and technical and organisational innovations across agricultural and food systems in developing countries.

Both sides consider that more science and innovation is required to address some of the most pressing challenges posed by climate change.

Innovations in agriculture may imply the use of GMOs. Bill Gates is known for his support for genetic engineering. In an interview with the Wall Street Journal last year, he said that GMOs for Africa are going to make a huge difference, particularly because of climate change.

EU Commissioner for International Cooperation and Development Neven Mimica said that the impact of climate change was especially important for less developed countries, where extreme weather events can cause dramatic yield reductions and even famine.

Read full, original post: EU and Gates Foundation pledge €500 million for innovations in agriculture

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