As #COP29 opens in Baku with a focus on finance, we need to know how much of government aid is going to fund climate projects? And, of the aid grants to agriculture and food security, how much also meets climate objectives?
Research finds that more than 80% of aid to agriculture and food security screened had no climate mitigation objective, and over 60% had no climate adaptation objective.
Using the OECD - OCDE Development Assistance Committee database, researchers screened USD 12 billion in spending on agriculture and food security projects in 2021. They found that only USD 2.2 billion was spent on projects with an objective related to climate mitigation and USD 5 billion on projects with a climate adaptation objective.
Why the difficulty to link agriculture and food security aid with climate action?
⏩ There is an inconsistent use of the climate change markers
⏩ The design of the climate markers, with a strong environmental framework, means that many agricultural projects that do have a climate link do not align with the requirements of the marker.
⏩ The lack of consensus a common standard to quantifying aid to agriculture and food security means the total amount of aid for agriculture and food security is contested and the full extent of the links across sectors unknown.
👀 How can Agriculture and Food Security Aid Tracker can help?
To progress towards a more coherent framework, the FAO and the Shamba Centre for Food & Climate, as part of the Hesat2030, are building an Agriculture and Food Security Aid Tracker for donors to better understand and assess their contribution to multiple sustainable development outcomes.
The new Agriculture and Food Security Aid Tracker will provide donors with:
⏩ Greater transparency on how they are recording ODA to agriculture and food security, and whether it is linked to climate action.
⏩ Through artificial intelligence tools, such as text mining, it will help donors identify the aid that offers the strong linkages with climate change but is missing due to inconsistent use of the climate markers or poor coding.
Ultimately, it will help donor agencies and advocates make the case for more ODA that links agriculture, food security and climate change, and make sure that they are not missing opportunities to leverage the billions of dollars of aid going to climate finance to accelerate progress towards SDG 2 and sustainable food systems transformation.
Read more:
https://lnkd.in/e8rU8_yC
David Laborde Carin Smaller Mali Eber Rose Elsa Olivetti