The B12 Fund, the world’s largest biotechnology research program, is spending around $3 billion per year to develop and support innovative technologies for combating climate change.
In 2021, the Fund will spend around $4 billion per annum.
This is equivalent to $6 billion in annual funding for B12-based food production.
The fund has been set up by the United Nations Environment Programme and is the flagship project of the United States, United Kingdom, France, and Germany.
The funding will go towards developing novel products, processes and technologies that will help farmers and farmers markets to provide more affordable food.
“We are committed to developing a sustainable, efficient and affordable food supply for our children, our communities and our planet.
This initiative is a great example of how the United Nation’s Food Security Programme is supporting B12 innovation in food production, and helping to improve the quality of life for farmers and consumers worldwide,” said David Siegel, President and CEO of the B12 Trust, a US-based global foundation dedicated to supporting the global B12 food supply.
While many B12 research and development projects will likely be funded by governments, the US is leading the way with its commitment to support a range of projects that are focused on mitigating the impacts of climate change, including developing new and improved farming technologies, reducing the carbon footprint of farming, and strengthening global food security.
For the first time, the B1, B2 and B3 food crops are now covered under the B-1 programme.
The B1 programme, which was set up in 2003, supports around one billion people and provides a lifeline for millions of families living in poverty around the world.
In 2021 the United Kingdom and France will jointly launch the B2 programme, supporting an additional 8 million people who live in the country.
France, which has recently taken steps to increase its B2 funding to more than $50 billion, is currently the most generous donor in the world with a $8 billion commitment.
France has also committed $2.2 billion for its B3 programme.
The money will go toward investing in research and technology to help developing countries address climate change by supporting food production and improving soil and water quality.
At the end of the day, however, there is still a significant gap between the B5 and B6 food crops.
“The B-5 and C-5 are still not fully developed,” said Richard Ellington, head of the global food and agriculture programme at Oxfam.
“These are very difficult to produce crops.
The United States has been the largest donor, with a commitment of $1.8 billion, followed by Canada, Great Britain, Canada, Australia and New Zealand. “
It is encouraging that we are seeing the start of some of these breakthrough crops like cropland peas, rice, rice-fed livestock, and a range that are very promising, but we still have to work hard on getting these to the market.”
The United States has been the largest donor, with a commitment of $1.8 billion, followed by Canada, Great Britain, Canada, Australia and New Zealand.
Australia is also set to join the United State as a B-6 donor.
However, it is the UK, France and Germany that have announced the first investments in 2021.
China has committed $4.2 million for its C-1 program and has announced the establishment of the China-based B-2 Food Technology Investment Fund (FITIF).
In Canada, Canada will also join the US as a C-6 and B-4 donor, and the United Arab Emirates will join France as a D-1 donor.
This is the first year that all five countries have joined the B6 programme, with the first $500 million in funding to be awarded to the United United Arab Emirate and the Philippines in 2020.
These countries have already announced investments in the next two years to provide further support to farmers.
But it will be up to the governments to decide what their B-3 and B5 investments are to be funded.
What will happen in 2021?
According to the B4 programme, developed countries will contribute $1 billion to the next B-7 programme.
China is a new donor, but will receive $2 billion, with all other countries contributing $1,000 million to this programme.
Developing countries have committed $5.6 billion to B-8, with India, Brazil, Mexico and the US all participating.
What will the funding look like?
The 2020-2022 biotechnology investment is expected to generate around $1 trillion in investment, but the government will also need to find a way to support these investments.
It is also important to note that the 2020-21 biotechnology funding is only expected to be in place for the first five years