Giving Compass' Take:
- Jonathan Phillips, Victoria Plutshack, and Rob Fetter discuss investments into LIMCs that would ensure food security in the face of the climate crisis.
- How can we fund the appropriate corporations leading the way in climate action?
- Learn about the full role agriculture plays in climate change.
What is Giving Compass?
We connect donors to learning resources and ways to support community-led solutions. Learn more about us.
Headlining the climate finance discussions next week at COP26 may be the shortfall in advanced economies’ $100 billion annual pledge to help low- and middle-income countries (LMICs) adapt and further mitigate climate change. But with actual financing needs quickly approaching the trillions, the more important discussion may be reforming how public climate finance is deployed. Change is needed to mobilize private capital, fill critical gaps, and drive resilient, low-carbon development. Agriculture value chains are a good place to start the conversation.
Solar and other renewables are enabling distributed, low-cost cold storage, irrigation, and processing capabilities that could be transformative for rural communities in Africa and South Asia. Scaling these innovative small and medium enterprises (SMEs) could provide a host of services to help farm households and communities adapt to climate change, including increased income from higher yields and higher-quality produce, reduced risk of crop failure, reduced post-harvest loss, and other resilience gains.
These are real benefits that improve food security and nutritional diversity and help rural communities survive shocks that are becoming more frequent and intense with climate change. Yet of the roughly $600 billion in tracked climate-related financing globally just 0.2 percent goes to small-scale agriculture value chains and financing institutions serving them.
Read the full article about agricultural tech by 'Jonathan Phillips, Victoria Plutshack, and Rob Fetter at Brookings.