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Increase funding for sustainable agri projects to address climate change vulnerability

Increase funding for sustainable agri projects to address climate change vulnerability

The CFA Institute, a global investment professional association, has urged policymakers and stakeholders to increase funding for sustainable agriculture projects in order to deal with climate change vulnerability.

Agricultural production, which is the main source of livelihood for approximately 58% of Today’s population and contributes to global food security as being one of the major producers of agri-commodities, is highly vulnerable to climate change, according to a report published by the CFA Institute in collaboration with the Climate Bonds Initiative.

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Catalyze private funding

The CFA Institute has called on Indian banks, venture capital (VC) investors, multilateral development institutions, and Indian policymakers to work together to catalyze private investment for sustainable agriculture.

‘In India, we have a National Mission for Sustainable Agriculture (NMSA), which seeks to develop and implement strategies to make Indian agriculture more resilient to climate change.’

‘However, in order to transform to more sustainable farming practices, the farming community will need better policies, better technologies, and more accessible links to funding,’ said V Shekhar, CFA, CIPM, CFA Institute’s country head for India.

Study Report

The study report, titled ‘Financing Sustainable Agriculture in India: Opportunities, Challenges, and the Way Forward,’ examines different aspects of sustainable agriculture and makes several suggestions to policymakers and other stakeholders in order to catalyze larger-scale financing.

It also discusses various models for financing sustainable agriculture, such as blended finance, green bonds, and venture capital funding in disruptive agritech innovations.

Also Read: India condemned Action Agenda on Sustainable Agriculture at COP26 summit

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