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BAYER'S CEO REPORTS ON PLANT TECHNOLOGY ADVANCES AT DAVOS
Jan. 19, 2023
by Alistair MacDonald, Wall Street Journal
The number of people facing food insecurity has increased as a result of climate change, Covid-19 and the war in Ukraine.
New plant technologies can help increase food supply and reduce the emissions generated from agriculture, said Werner Baumann, the chief executive of German agricultural giant Bayer AG.
Speaking on a panel at the World Economic Forum in Davos, Switzerland, on Wednesday, Mr. Baumann said new technologies could help plants do what they currently couldn't. For example, corn could be trained to remove nitrogen from the atmosphere for use as a nutrient, the way soy does.
That would help cut the amount of nitrogen fertilizer used and reduce the emissions generated by manufacturing it, he said.
The manufacture of nitrogen fertilizers currently uses around 2% of global energy consumed worldwide, Mr. Baumann said. "This will feed the world and decarbonise it," he said.
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