Wednesday, November 29, 2023

Untapped Potential: An analysis of international public climate finance flows to sustainable agriculture and family farmers

Climate Focus (2023) Untapped Potential: An analysis of international public climate finance flows to sustainable agriculture and family farmers # 14 p.

This report conducted by Climate Focus and published by the World Rural Forum sheds light on inequities in funding to address climate change. Despite family farmers producing a third of the world's food, only a mere 0.3% of the international climate finance has been directed to them.

The detailed analysis, conducted by Climate Focus in collaboration with the said organisations, the FFF and the FFORA, reveals an alarming situation: despite their crucial role in global food security, most family farmers lack adequate financial support to adapt to climate challenges.

Within a context of the dramatic impact of the climate crisis on family farming production systems in many territories, this report highlights the need to reorient international climate finance to facilitate the transition of family farming towards more sustainable and agroecological agronomic practices. Which, in turn, will help them to overcome family farmers’ vulnerability to extreme weather phenomena by investing in available assets, while strengthening public policies specific for family farming. READ THE FULL REPORT

Related:

44% drop in climate finance to small-scale agrifood systems reveals need for action
  • New data reveals that global climate finance for small-scale agrifood systems is strikingly low, at an annual average of just USD 5.53 billion in 2019/20, 1 equivalent to just 0.8% of total climate finance tracked across all sectors.
  • This also marks a 44% drop on flows to small-scale agrifood systems in 2017/18.
  • This must change, given the vital roles of small-scale farmers and agrifoods businesses, who channel 65% of food in developing economies.

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