Financing sustainable transformation in the agrifood systems: Gaps and Opportunities
Food and Agriculture Organization of the United Nations (FAO)
Time: Thursday, 19. January 2023, 4:00 p.m. – 5:30 p.m.
Languages: English, German
Agrifood systems across the world offer a unique opportunity to address climate change from two perspectives. One, by building resilience across agrifood systems, we ensure their adaptation to climate change. At the same time, sustainable agricultural systems offer many opportunities to reduce greenhouse gases emissions. Implementation of climate resilient agrifood systems requires political will, international cooperation, generation and exchange of knowledge and best practices, as well as financial resources to support producers and value chain actors across the world to operate the necessary transformations. Despite the proven huge potential of agrifood systems in the fight against climate change, it is reported how availability and access to climate finance at both farm and country levels remains largely insufficient. The Food and Agriculture for Sustainable Transformation Initiative (FAST), launched at COP27 by the Egyptian COP Presidency, aims at addressing this pressing need and implement concrete actions that would result in improving the quantity and quality of climate finance contributions to transform agriculture and food systems by 2030. During this expert panel, speakers will provide concrete examples of actions both at farm and country level that can support adaptation in the agrifood systems and maintain a 1.5-degree pathway whilst supporting food and economic security, with a focus on FAST’s three pillars, namely access to climate finance, knowledge and capacity, and policy supports and dialogue.