TRIBUNE / COP28: financing agriculture more and better

Less than 10% of the climate change adaptation fund is dedicated to agriculture. A very small portion considering the challenges to be met.

Less than 10% of the climate change adaptation fund is dedicated to agriculture. A very small portion considering the challenges to be met.
From one COP to the next, the issue of climate financing for less advanced countries is gaining momentum. It concerns the more than ten-year-old promise to transfer $100 billion a year for climate change adaptation and mitigation. Last year, the “Conference of the Parties” in Sharm el-Sheikh (Egypt) approved the principle of an additional fund dedicated to financing the loss and damage caused by global warming.

At the opening of COP28 in Dubai (United Arab Emirates), a double observation can be made. In 2021, there was still a 10 billion shortfall to reach the 100 billion target. As for the loss and damage fund, it has not yet raise a single penny, with negotiators struggling to agree on its governance. Funding for agricultural systems currently receives less than 10% of the total. A very small portion indeed, given the scale of the challenges to be met. [...]

READ THE TRIBUNE on Le Point website (in French)

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Authors:

• Hérauld Museau, Agrisud International Representative in Haiti
• Christian de Perthuis, Agrisud administrator and climate economist