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Agrifood Innovation Finance Debate: How to mobilize capital for innovations transforming agrifood systems in Africa and Asia? 22 November 2023, 11:00-12:45

SDG Agrifood Accelerator Programme













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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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    FAO’s Office of Innovation is working with partners on an FAO Chief Scientist initiative on Foresight on emerging agrifood technologies and innovations, aligned with the UN 2.0 process and the FOFA 2022: engaging all key actors of agricultural innovation systems in the foresight on emerging technologies and innovations to better prepare for alternative futures, feeding it into anticipatory action, and convening the global community for constructive dialogue and knowledge exchange. The aim is to support policymakers, investors and innovation actors in their approaches and decision-making. The study assesses a selection of technologies and innovations, which potentially could be of paramount importance in addressing agrifood challenges until 2050, as well as the most important trends and drivers that will influence the emergence of agrifood technologies and innovations and their triggers of change, including some regional aspects. The goal is also to build plausible future scenarios for the evolvement of the emerging technologies and innovations in the future with the time horizon of 2050 to inform future-oriented policymaking. The report is built with inputs from a multistakeholder Delphi survey and online workshops with experts.
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    Supporting development finance institutions financing private agrifood investments 2024
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    The Investment Centre acts as a bridge between countries and financing partners to create the enabling conditions for greater public and private investment to accelerate the transformationto more sustainable agrifood systems. It works in around 120 countries with an ever-expanding network of financing institutions, including the World Bank, the European Bank for Reconstruction and Development (EBRD), the International Fund for Agricultural Development (IFAD), the European InvestmentBank (EIB) and the European Commission. Its growing multidisciplinary team draws from FAO’s vast technical, policy and analytical expertise to provide countries with tailored, innovative and scalable investment and finance solutions.

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