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World Bank Approves $341 Million Loan to Turkey for ‘Green’ Agriculture | Investing News

Green Hearts by Green Hearts
March 31, 2022
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ISTANBUL (Reuters) – The World Bank mentioned on Wednesday it had accredited a mortgage of $341.27 million as a part of a mission to help Turkey’s agricultural sector and encourage using “climate-smart applied sciences.”

The mission goals to enhance assortment and use of knowledge on 14 million hectares of soil and land, improve illness surveillance in animals and assist cut back carbon emissions, the World Bank mentioned.

Agricultural growth in Turkey is creating important environmental and local weather stress due to the inefficient use of land, water and vitality, whereas accounting for greater than 13% of Turkey’s greenhouse fuel emissions, it mentioned.

“We hope this partnership will contribute to placing the agriculture sector on a extra aggressive and sustainable development path and assist Turkey obtain internet zero carbon emissions by 2053,” mentioned Auguste Kouame, World Bank Country Director for Turkey.

Turkey ratified the Paris local weather settlement late final 12 months, and has mentioned it goals to obtain internet zero carbon emissions by 2053.

(Reporting by Nevzat Devranoglu Writing by Ali Kucukgocmen; Editing by Mark Potter)

Copyright 2022 Thomson Reuters.

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