Achieving an orderly transition to global net-zero emissions and increasing adaptation and resilience against unavoidable climate change requires new capital formation and re-allocation at an unprecedented scale.

 

To mobilise the finance required to deliver on adaptation/resilience goals in the smallholder agriculture sector in developing countries, a major step change in the scale and effectiveness of cooperation between public and private financial institutions is needed.

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Against this background, the session will explore potential ideas to attract climate financing from the private sector, specifically:

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1. Agriculture Climate Investment Plans (CIPs): translating NDCs and adaptation plans, which do not provide details on investment pathways, into CIPs focused on rural agriculture and food systems and establishing an enabling environment through fiscal policy reforms. 

2. Upstream project development facility with the provision of the following:

   • pre-feasibility and feasibility planning;

   • monetising adaptation benefits;

   • operation phase planning; and

   • processing and approval.

    3. Matchmaking support: demonstrating bankability of projects and conduct matchmaking through project          submission for GCF, GEF, Adaptation Fund, and other multilateral climate funds, leveraging financing              from the private sector and the carbon market.

 

Discussion will deep dive on each of the above components and focus on the relevance of these from the private sector perspective. It will highlight what is needed to move this from an idea to action.