The Good Food Finance Network is working to mobilize public and private financial actors to address the financing gap covered in UN Environment Programme’s 2022 State of Finance for Nature Report.
According to the 2022 Emissions Gap Report, the international community is falling far short of meeting Paris goals, with no credible pathway to 1.5 degrees C in place.Transforming food systems is imperative for avoiding dangerous levels of climate change and other environmental problems. The report identifies a range of transformation domains with several mitigation measures where food systems can contribute to bridge the emissions gap.
UNCTAD The report warns that monetary and fiscal policy moves in advanced economies risk pushing the world towards global recession and prolonged stagnation, inflicting worse damage than the financial crisis in 2008 and the COVID-19 shock in 2020.
Food system by-products up cycled in livestock and aquaculture feeds can increase global food supply
Report outlining case studies that demonstrate bankable projects, case studies look at sustainable agriculture and commodity chain development for sustainable cocoa production, forest resilience, marine protected areas, mangroves, and sustainable agroforestry. These case studies can be referenced to better understand how and why initiatives are bankable and successful
GFFN Partner World Business Council for Sustainable Development (WBCSD) and Stokholm Environmental Institute (SEI), in close collaboration with GFFN Partner United Nations Environment Programme (UNEP) launched the Stockholm Action Agenda initiative, outlining priorities and recommendations for action in key sectors, including food and agriculture.
The Discussion paper from the CGIAR Research Program on Climate Change, Agriculture, and Food Security (CCAFS) presents a snapshot of current challenges and opportunities associated with blended finance and calls for a radical sectoral shift in agriculture, using commercial banks, development finance institutions and other financial intermediaries as enablers for food systems transformation. It provides a situation analysis and a proposed action plan that was discussed in-depth during the GFFN Event ‘Strengthening collaboration between private and public banks to scale up finance for sustainable food systems”.
The United Nations Food Systems Summit launched the ‘Food Finance Architecture’ publication and policy brief, outlining the building blocks for how banks, investors, development institutions, companies, farmers, and governments can shift capital out of high-carbon, unequal, extractive food assets and into inclusive, climate-smart, circular business models that benefit the people and planet.
This joint FAO-UNDP-UNEP report calls for governments to rethink the way agriculture is subsidized and supported. The majority (87%) of $540 billion of support to agricultural producers is either price distorting or harmful to nature and health. Repurposing this support can help transform food systems and achieve the SDGs.
The State of Finance of Nature tracks global trends in public and private investment in nature-based solutions, aiming to improve data quality and identify opportunities for governments, businesses and financiers. This year’s report calls for investments in nature-based solutions to triple by 2030 and to increase four-fold by 2050 from the current level. While an increase in public funding would help plug some of the gap, there needs to be a significant increase in private sector investment in Nature-based solutions.