Farmers harvesting coffee in the countryside of Brazil.
Agriculture is both a driver of climate change and on the frontlines of climate impacts. A variety of farming practices, technologies and system changes can reduce emissions to help stabilize the climate and build resilience to help protect global food production. However, a lack of access to fit-for-purpose finance keeps farmers from transitioning to climate-smart farming practices.
This year at COP29 in Baku, Azerbaijan, countries will gather to set a new global climate finance goal, known as the New Collective Quantified Goal (NCQG), for how much money high-income countries will provide to low-income countries for climate action.
This negotiation presents an opportunity to elevate farmers’ needs in financing the climate transition in agriculture.