Monday
November 14
2022

Global Fertilizer Challenge Raises $135 million for Fertilizer Efficiency and Soil Health Measures to Combat Food Insecurity

Deputy Special Envoy for Climate Richard Duke and high-level partners from the United States, European Commission, Norway, Germany, and the Netherlands announced a total of $135 million in new funding for fertilizer efficiency and soil health programs to combat fertilizer shortages and food insecurity. This announcement exceeds President Biden’s Global Fertilizer Challenge goal, set at the June 17 Major Economies Forum, to raise $100 million dollars by COP27 to help low- and middle-income countries address the global fertilizer shortages caused, in part, by Russia’s unprovoked invasion of Ukraine.

Photo courtesy of CDG.

Source: U.S. Department of State (link opens in a new window)

Categories
Agriculture
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agribusiness, agriculture, emerging markets, farming, investing