The Global Alliance for the Future of Food claims that despite an overall increase in climate finance between 2017 and 2022, the portion of funding for food systems has slipped further, down from 3% to 2.5%, and even further when we consider sustainable food systems, at just 1.5%.
Publisher’s Summary
In 2022, the Global Alliance released a report uncovering a critical gap in climate finance for food systems. Food systems are responsible for one-third of global greenhouse gas emissions and the climate crisis disproportionately impacts smallholder farmers, fishers, pastoralists, and Indigenous Peoples who are on the frontlines of the crisis. But only a small fraction of climate finance—less than 3%—was being allocated to fix food systems. This gap highlighted an urgent need to put food systems at the center of climate action and climate funding.
This 2024 update of Public Climate Finance for Food Systems Transformation shows that despite an overall increase in climate finance between 2017 and 2022, the portion of funding for food systems has slipped further, down from 3% to 2.5%, and even further when we consider sustainable food systems, at just 1.5%. This report underscores the urgent need to significantly boost climate finance for sustainable food systems and calls attention to the need for funding to reach communities.
Reference
Read more here. See also the TABLE explainer, what are food systems?
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