ActionAid’s Post

📢 New European Investment Bank (EIB) Report: Industrial #agriculture is the 2nd largest contributor to #climatechange. The EU's external policies need a revamp to support sustainable agriculture. 🧵🧵🧵    Read more in ActionAid EU & Counter Balance's latest report: https://lnkd.in/eJ2KK_NA   #EU's "Farm to Fork" failed to set a coherent & comprehensive framework for sustainable agriculture in external policies. EIB's €800m to #agribusiness outside the EU, harm the climate & small #farmers.     It's time for the EU & EIB to support #sustainable, agroecological practices. 🌍 We call on the EIB and the EU to...   🔴 End support for export-oriented projects   🔴 Prioritize sustainable agri-food systems  🔴 Ensure respect of #humanrights & #environmentalprotection    We need to push for a sustainable future NOW! 🌱 

Discover how IDB Invest is driving innovation in the agricultural sector through a combination of blended financing and tailored advisory services. By championing sustainable agricultural practices, we aim to generate significant economic, social, and environmental benefits while attracting new investments to the region. One example is our collaboration with Prolade. With our technical guidance, they developed an #Environmental and #Social Action Plan (PAAS) that addresses #biodiversity analysis, land acquisition processes, #community relations management, and pollution control measures. The project also features an innovative biochar program to enhance soil quality and a Corporate Governance Action Plan to strengthen decision-making, improve risk management, and boost transparency. We are proud to support a more #inclusive, #sustainable, and climate-smart agricultural sector, creating economic opportunities and improving lives across the Latin America and Caribbean region. #Socialinclusion #climatechange #sustainability

Conversations at #COP29 | Climate-smart agriculture investment plans (CSAIPs) and long-term low emissions development strategies (LT-LEDS) were the focus of our event hosted with AGNES Africa and Alliance of Bioversity International and CIAT last week. Both are planning tools which help countries identify priority climate actions, streamline investments and ultimately build resilience. Our speakers shared lessons learned and insights from their experience - including from developing CSAIPs for #Kenya, #Ethiopia and #Zambia; answered the question about how to engage the private sector in these plans; and detailed how this connects to long-term climate action. ( ➡️ Swipe to see more of what they had to say) Our key takeaways: 🤝 C O L L A B O R A T I O N If we are not coordinated, implementation is complicated. Speakers emphasized the importance of strengthening collaboration between governments, research institutions, private sector, development partners and local communities. In particular, the private sector should be involved in the early development of plans and strategies rather than only being included when it is time to fund and implement. 📢 E N G A G E M E N T Mullti-stakeholder groups (for example the Climate-Smart Agriculture Alliance in Zambia, and the Climate-Smart Agriculture Multi-stakeholder Platform (CSA-MSP) in Kenya) create a strong national platform from which to bring together stakeholders, disseminate knowledge and build momentum for action. 🎯 A L I G N M E N T Climate-smart agriculture investment plans are useful tools for aligning sectoral priorities and policies with both national and private sector plans. By identifying clear and bankable opportunities for investment (and how these opportunities connect to long term climate goals), CSAIPs can encourage private sector involvement. Governments can also leverage this opportunity by providing CSA-related incentives for investment - for example, prioritizing low carbon commodities - that connect to national climate goals. Learn more, explore the presentations and playback the event: https://lnkd.in/e2wPt5bF 🙏 With a big thank you to our speakers: Patrick Kibaya, Addisu Negash, Bernard Kimoro, Lydia Kimani, Ignatius Juma, Berhanu Assefa, Morton Mwanza, Romy Chevallier, Ruth Nyamasege, David Awolala and Dorcas Jalang'o.

The climate rationale is what distinguishes a concept note targeting climate finance from the one targeting conventional development finance

What can help scale innovative finance mechanisms for sustainable land use in Latin America? IFACC Initiative’s recent event at London Climate Action Week highlighted the importance of collaboration as we heard the views of experts and key sector stakeholders on innovative finance solutions. I was honoured to open the event and highlight its aim to bring together banks, catalytic investors, government, corporates and civil society to build the conversation on financing the sustainable agricultural transition. Read the full roundup here: https://lnkd.in/eQ6digPb Launched at COP26, IFACC (Innovative Finance for the Amazon, Cerrado, and Chaco) aims to mobilize $10 billion by 2030, supporting deforestation-free soy, cattle, agroforestry, and non-timber products in South America. Its collaborative efforts have already resulted in 11 innovative financing products and $240 million has been disbursed since 2021. #LCAW #IFACC #Deforestation #LandUse #Agriculture #SustainableFinance #Amazon

Transformative financing: Advancing sustainable agrifood systems for resilient future: Realising the full potential of sustainable agriculture requires significant investment. Specifically, global climate finance flows to the sector must increase by a factor of 40.

Investors, banks, corporates and civil society gathered on the top floor of London’s iconic Gherkin to open London Climate Action Week with IFACC Initiative’s ‘Scaling Innovative Finance Mechanisms for Sustainable Land Use in Latin America’ meeting – an event for learning, dialogue and collaboration to accelerate innovative financing for sustainable agriculture in one of the most vital regions of the world. Launched at COP26, IFACC (Innovative Finance for the Amazon, Cerrado, and Chaco) aims to mobilize $10 billion by 2030, supporting deforestation-free soy, cattle, agroforestry, and non-timber products in South America. Its collaborative efforts have already resulted in 11 innovative financing products and $240 million has been disbursed since 2021. Discover the panellists and their insights on progress on the ground, challenges and calls to action in this article: https://lnkd.in/e_zZ_4tz #IFACC #Finance #ClimateFinance #Cerrado #LatinAmerica #Chaco #Amazon #Deforestation #LCAW

🌍 Exciting News: The Kenya Private Sector Alliance (KEPSA) and The World Bank have unveiled a comprehensive #CarbonMarket Guidebook, a pivotal resource for businesses and organizations in Kenya and across Africa looking to engage with carbon markets. What's Inside? - Context: Understand the carbon market's relevance both globally and within Kenya, examining past participation and future potential. - Project Foundations: Step-by-step insights into conceptualizing, designing, and assessing the feasibility of carbon credit projects. - Financing: Clarity on project costs, funding sources, and financial mechanisms available, including grants, equity, and debt. - Development & Monitoring: Guidance on listing, validating, and registering your project, along with robust monitoring strategies. - Credit Verification & Issuance: Navigate the crucial steps of verification and learn about the issuance process. - Sales & Pricing: Explore the sales channels and pricing determinants for carbon credits, demystifying what drives value in this market. in a nutshell,this guidebook serves as a great navigation tool, offering a roadmap for business entities seeking to understand and engage with the carbon market. Notable gaps: 1. Inclusivity: The guide lacks a direct focus on the roles and inclusion of frontline communities who are often the most impacted by climate change. These communities not only face the brunt of environmental degradation but also typically have less access to the economic benefits of carbon markets. 2. Community Leadership: While the guide offers a robust process for project development and monitoring, there seems to be a gap in terms of Community-led Carbon Actions and how these actions are represented and supported within carbon market mechanisms. Recommendations: 1. Community-Centered Design: The guide could include a dedicated section on incorporating community-driven projects, focusing on how to engage with and support grassroots initiatives within the carbon market framework. 2. Equitable Benefit Sharing: Develop clear guidelines for equitable sharing of benefits arising from carbon credits, ensuring that a portion of the proceeds directly supports the welfare and development of frontline communities. 3. Corporate Responsibility: Corporates should be encouraged to partner with local communities, adopting a bottom-up approach in project design and implementation. This would involve direct investment in community-led projects, ensuring local voices are heard and their priorities addressed. #SustainableDevelopment #CarbonCredits #Kenya #ClimateAction #GreenEconomy Kenya Private Sector Alliance (KEPSA) UN Environment Programme World Bank Development Economics PACJACI SNDBX | The Village Experts Safaricom PLC Nairobi Securities Exchange PLC Nairobi Securities Exchange Africa Carbon Markets Initiative (ACMI) African Development Bank Group Oxfam International Greenpeace ActionAid International UN Climate Change European Commission

Focus on Climate-Smart Agriculture for a Sustainable Future in Africa: LONGi Representative Participated the China-Africa-United Nations High-Level Dialogue The “High-Level Dialogue on Strengthening China-Africa-UN Cooperation on Climate Change” was held in Beijing on May 27. This event, initiated jointly by the Embassy of Kenya and the United Nations Representative Office in China is part of the “China-Africa-UN Transition Partnership Initiative.” African countries invited development partners to coordinate technical and financial support to explore ways to balance food production with climate action to ensure the sustainable low-carbon development of Africa’s natural assets, thereby contributing to global decarbonization. James, President of MEA&CA region, LONGi Green Technology Co., Ltd., participated in the dialogue as an invited business representative. According to the […] Read the full story here: https://lnkd.in/dgfTQzjB #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #africa #asia #china #climatechange #events #fao #greenagriculture #greenenergy #longi #lowcarbon #renewableenergy #sustainabledevelopment #sustainablefuture #unitednations

Please spread the word. Third Round of the Due Diligence Fund – Apply Now! Read more about the fund and how to apply here: The focus here is on the core topics of the German Supply Chain Act and the EU Directive on Corporate Sustainability Due Diligence as well as the EU Regulation on Deforestation-free Products. Together with the agri-food sector and its suppliers, we want to achieve greater sustainability in global agricultural supply chains and improve the living conditions of smallholders and plantation workers. The focus is therefore on practical implementation on the ground in OECD’s DAC-countries. Projects are funded with a sum of 50,000 to EUR 123,000 over a period of up to 18 months.