This report by the Global Alliance for the Future of Food argues that public climate finance should be directed into food system transformation because of the potential to deliver cost-effective co-benefits for climate mitigation, biodiversity, health and food system resilience. Currently, food systems receive only 3% of public climate finance despite producing one third of global emissions.
According to the report, supply-side measures including restricting the conversion of ecosystems into farmland, reducing agricultural emissions and enhancing carbon sinks could provide emissions reductions of 8.5 Gt CO2 eq. per year by 2050. Demand-side measures such as reducing food waste and shifting diets could provide 1.8 Gt CO2 eq. of reductions per year by 2050. This makes a total of 10.3 Gt CO2 eq. per year by 2050, or around 20% of the mitigation required to meet the Paris Agreement’s target of 1.5°C.
Read the full report, Untapped Opportunities: Climate Financing for Food Systems Transformation, here. See also the TABLE explainer How can we reduce food-related greenhouse gas emissions?