Evidence suggests that agroecology provides significant climate change adaptation and mitigation potential by emphasizing locally-relevant solutions, participatory processes, and co-creation of knowledge. Yet, climate finance and investments to increase food systems resilience and achieve mitigation, food security, and nutrition targets are currently insufficient. Governments must lead the way by prioritizing food systems reform and agroecology in their NDCs, and by better directing public finance and resources. In other words, climate finance is urgently needed to fund the food systems solutions that can have real impacts and wide-ranging benefits in a diversity of contexts. But how do we improve on current funding pathways?
This side event will feature new data analyzing climate financing commitments related to food and climate actions to meet the NDCs. Representatives from government, donor institutions, civil society, business and farming will discuss opportunities to finance agroecological initiatives, identify challenges in current funding structures, and suggest mechanisms to better reach those most in need.