First fund to focus on climate-smart investments in agriculture
Climate change is impacting agricultural yields across the globe. Rising temperatures and increasingly erratic precipitation are affecting how producers adapt to these changing conditions.
In Latin America, agriculture accounts for on average 10 percent of GDP. As a key player in ensuring local and global food security, the region needs to take new measures to adapt and continue growth.
The IDB and the Global Environment Facility (GEF) established the Climate-Smart Agriculture Fund for the Americas to catalyze greater private sector investments in sustainable agriculture, forestry and rangeland systems in the face of climate change.
The first to focus on climate-investments in agriculture, this fund aims to improve productivity and profits for agribusiness companies and their value chains while decreasing greenhouse gas emissions from land use.