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Making climate finance work for agrifood systems in Asia and the Pacific

Workshop report - 25-27 March 2024 | Phnom Penh, Cambodia








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    Booklet
    Climate-related development finance to agrifood systems
    Global and regional trends between 2000 and 2021
    2023
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    The amount of climate finance flowing to agrifood systems is strikingly low and continues to diminish vis-à-vis global climate finance flows. Agriculture is one of the sectors with the highest adaptation finance needs for implementing the nationally determined contributions (NDCs) but climate finance for adaptation is also on a downward trend. The diminishing trends of both agrifood and adaptation investments is a cause for alarm and a missed opportunity. This publication addresses the persistent knowledge gap related to climate finance to agrifood systems, providing data and information to support countries making informed decisions towards agrifood systems transformation. The analysis brings to light the evolution of climate finance in agrifood systems over the past two decades, showcasing unique sectorial analysis of climate finance allocations for adaptation and mitigation, delving into the diversity of actors involved, from bilateral and multilateral agencies to the private sector, highlighting the critical need for partnerships that transcend boundaries.
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    Booklet
    Climate-related development finance to agrifood systems, 2024 update 2024
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    This technical brief is a special update of the recent Food and Agriculture Organization of the United Nations (FAO) analysis “Climate-related development finance to agrifood systems – global and regional trends” and includes newly released data for 2022. Climate finance is a fundamental element of the global development agenda and has been increasingly considered in international fora such as the United Nations Framework Convention on Climate Change (UNFCCC) and the G20 Agenda. The update aims to inform participants of the UNFCCC 29th Conference of the Parties (COP 29), as well as UN agencies, international finance institutions, national governments of both donor and recipient countries, governmental and non-governmental stakeholders, and a wider group of partners interested in climate-related development finance. The document was prepared as part of the work plan of the Food and Agriculture for Sustainable Transformation (FAST) Partnership.
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    Green finance as a critical lever for delivering sustainable agrifood systems – A global landscape study 2023
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    The global landscape study on ‘Green finance as a critical lever for delivering sustainable agrifood system’ is an inclusive commentary on the current status of green finance to agrifood sector in the global south and its support system. This document provides evidence that the current green finance trends favour the development of the clean energy industry, whereas smallholder agriculture has not had the same success. Financing the agrifood sector in a “business as usual” mode is not a sufficient condition to mitigate the risks emanated from a range of climatic shocks and unprecedented events impacting the global food value chains. Sustainable financing mechanisms through innovative instruments and business practices are potential solutions and green finance emerges as the way forward to shift the focus from economic profit creation to the generation of stakeholder’s value (economic, environmental, and social governance). The document presents an excellent opportunity that can help elicit ongoing initiatives, application mechanisms, and significant issues to build global narratives about developing an inclusive approach to green finance services for the agrifood sector.

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