Aboost in investment is essential to transform the world’s agrifood systems to become more resilient, efficient, sustainable and inclusive, while supporting countries’ access climate finance and ensuring that appropriate financial resources reach small and medium-scale food producers.
“This event comes at a critical time as the current food crisis is far from over. This is particularly concerning as the world’s most vulnerable countries and communities struggle with increasing hunger in the face of climate and biodiversity challenges,” Semedo said. The agriculture and land use sector received $122 billion in financing between 2000 and 2018, representing 26 percent of the global climate finance flows to all sectors.
They discussed concrete ways in which to promote adaptation to and mitigation of climate change whilst ensuring food security and nutrition, with a focus on FAST’s three pillars, namely: access to climate finance, knowledge and capacity; policy supports; and dialogue.