Smallholder Farmers Receive Disproportionate Share of International Climate Finance

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Climate Change News

Smallholder farmers from the Global South benefit from a grossly disproportionate 0.3% of international climate finance despite producing a third of the world's food and despite holding the key to climate-proofing food systems.

Smallholder farmers from the Global South benefit from a grossly disproportionate 0.3% of international climate finance despite producing a third of the world's food and despite holding the key to climate-proofing food systems. The family farmers and rural communities received around USD 2 billion from both public and private international climate funds out of the USD 8.4 billion that went to the agriculture sector in 2021, even as over 2.

5 billion people globally depended on the farms for their livelihoods. The USD 8.4 billion was almost half of the USD 16 billion that was availed for the energy sector and is only a fraction of the estimated USD 300-350 billion needed annually to "create more sustainable and resilient food systems," a new report has foun

 

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