Climate finance mobilization initiatives - promoting climate adaptation in agriculture

Abstract

The Commercial Agriculture for Smallholders and Agribusiness (CASA) programme aims to drive global investment towards climate-resilient agri-food systems that increase smallholder farmers' incomes. CASA's research component has recently identified the challenges faced in mobilizing climate finance for agriculture, and particularly for climate adaptation, as well as the existence of a funding gap for small and medium-sized agriculture enterprises (agri-SMEs) of around $106 billion (ISF Advisors, 2022). CASA is particularly interested in analysing the evolving landscape of initiatives that aim to mobilize public and private finance for climate adaptation and resilience in agriculture. The aim of this report is to gain a better understanding of the landscape of climate finance initiatives, the means by which they aim to create change, the types of members who are engaged in them, and areas which may be under-served by such initiatives. The report identifies and analyses initiatives which support climate finance mobilization for climate adaptation in agriculture in low- and middle-income countries. The report analyses and categorizes (by sector, climate action focus, geographic scope, and membership typology) a total of 51 initiatives from across the world that aim to mobilize climate finance. The report also introduces a typology for categorizing these initiatives, based on the primary means they use to mobilize action and investment. The report covers the strategies used to encourage and facilitate engagement among members of different initiatives. It also provides an overview of the coverage of these initiatives, including their geographic and thematic focus, as well as the degree to which they address climate adaptation in agriculture. It offers recommendations to initiatives and their members on ways to enhance their impact and address key knowledge and action gaps.