This inaugural report assesses progress on reducing emissions in five key sectors – power, hydrogen, road transport, steel and agriculture. The authors make recommendations to strengthen collaboration between governments, business and civil society in areas such as common standards, technology R&D, reaching a level playing field for trade, and improving technical and financial assistance.
In agriculture, Chapter 6 calls for immediate priority for international collaboration must be to improve access to finance for smallholder farmers in developing countries – by increasing the flow of public finance, and its leverage of private finance. This is needed both to reduce emissions and to increase productivity and resilience. A long-term process should be established to share learning on reorienting agriculture policies towards sustainability, to accelerate progress away from harmful practices. Countries should also begin focused discussions on how to ensure international trade facilitates, and does not obstruct, the transition to sustainable agriculture.