Foodie definition3/2/2024 There needs to be a rebalancing of public climate finance towards food systems, and companies will need to pursue a robust Global North and Global South engagement strategy.In addition, a group of 25+ leading food and agriculture organizations joined forces to scale regenerative agriculture, partnering with 3.6 million farmers to accelerate the transition of over 160 million hectares to protect the soil and limit carbon emissions. More than 130 countries signed a declaration to include emissions from agriculture and farming into their national plans to tackle climate change. The property & casualty insurance industry responds to economic conditions & customer preferences by transforming operations. In 2020, financing flows for climate adaptation and resilience reached only 10% of what is needed. There is also an urgent need to increase adaptation and resilience financing.Multilateral development banks and other international financial institutions can double down on efforts to improve access to finance, mitigate financial risks, increase concessional finance for blended instruments, and address debt sustainably.This includes moving beyond the financing of individual projects to a more systematic approach, as well as consistently integrating carbon into decision making and asset valuation.
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