Small-scale farmers receive 0.12pc of global climate finance
News Desk :
Small-scale family farmers produce a third (32%) of the world’s food yet only 0.3% of international climate finance was spent helping them adapt in 2021.
A new analysis released today by Family Farmers Alliance found that small scale farmers receive only 0.12% of total international public climate finance in Bangladesh, reports a press release.
The report represented that over 35 million small-scale producers in Africa, Asia, Latin America and the Pacific, is being released ahead of COP28 which is set to agree a Global Goal for Adaptation.
The UAE Presidency is also urging governments to include food and agriculture in national climate plans for the first time and scale up finance for food system transformation.
The analysis of international public finance for climate mitigation and adaptation was conducted by Climate Focus. The agri-food sector received $8.4billion in international public climate finance – around half the $16 billion spent on. Just 2% of international public climate finance ($2 billion) was directed at small-scale family farmers and rural communities – equivalent to around 0.3% of total international climate finance from both public and private sources.
The report also highlighted that 4% out of total international public climate finance received by Bangladesh, spent on food and agriculture to support sustainable and resilient practices. Among them, only 2.6% have been received by small holder and rural communities in Bangladesh.
Many family farmers lack the infrastructure, technology and resources to adapt to climate impacts with serious implications for global food security and rural economies.
Family farms of less than two hectares produce a third of the world’s food (32%) while farms of 5 hectares or less account for more than half of the global production of 9 staple crops – rice, peanut, cassava, millet, wheat, potato, maize, barley and rye – and grow almost three-quarters of the coffee and 90% of the cocoa. Over 2.5 billion people globally depend on family farms for their livelihoods.
The Intergovernmental Panel on Climate Change says the most effective way to safeguard food security is to shift to more nature friendly and diverse food systems. Family farmers are at the forefront of these efforts.
