One Roundtable session at ALL Day honed in specifically on questions related to finance opportunities for smallholder farmers. This panel of private, government, and civil society experts attempted to cover all the bases, while still pulling from concrete case studies. The challenges identified by the panelists were telling about the key criteria for more integrated finance mechanisms.
CARE International Phil Franks (CARE International), in describing a smallholder carbon project in Kenya, noted how the value of the actual carbon revenue to each individual farmer is rather insignificant and the requirements to earn credits don’t allow for the level of flexibility farmers need to adapt. Initially touted as an innovative means to bring climate finance to farmers, smallholder carbon projects do in fact have benefits but largely in terms of soil fertility, water management, and productivity. For smallholder farmers, the dispersed nature of their holdings also makes it difficult to access carbon finance or insurance, due to high transaction costs.
|Second from right: Matthew Wyatt (DFID)|
A move such as this may help streamline funding for agricultural development that achieves multiple objectives and benefits to smallholders. As several panelists noted, public sector funding is crucial for covering the high upfront costs and reducing risks, which will in turn entice more private sector funding.
DOHA, Qatar December 6, 2012/ -- A new report by the African Development Bank, in collaboration with Vivid Economics, makes concrete proposals that will facilitate access by African countries to the Green Climate Fund.
Launched in Doha on the sidelines of the UN climate change conference (COP18), the “Getting Africa Ready for the Green Climate Fund” report makes a series of recommendations for the Green Climate Fund board and African nations that will increase the likelihood that African countries, with the support of the African Development Bank, will be able to access increased flows of climate finance from this source.