Currently, how much of climate finance is going into agriculture?If you look at climate finance more broadly, including project-level private finance, not just development aid, only 4% is going into agrifood systems solutions, which is very small. If you take a much narrower lens, which is the conversation here in COP29, only 20% of the climate-tagged developmental assistance aid out of $100 billion target that was set within the UNFCCC, was going into agrifood systems. But what is worrying is the trajectory is only going down.What about the accessibility to climate finance? Why are global funds not supporting agricultural reform, for instance in India?Climate change is impacting agriculture and for many, that is a primary concern, but unfortunately very few of them translate that into concrete targets of how we need to invest in agriculture and build resilience to reduce emissions. So translating this sort of broader ambition into specifics is going to be a big part of the next round of NDCs (Nationally Determined Contributions) due in February next year.
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