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Closing the funding gap: The New Collective Quantified Goal (NCQG) for transformational change in agrifood sector. CGIAR Issue Brief Series for Informing COP 29 | Number 3

The agrifood sector faces a significant climate finance gap, receiving only 0.8 percent of total climate finance. There is an urgent need to increase climate finance. Clear definitions and concessional funding mechanisms are critical for effective financial flows, especially for vulnerable sectors l...

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Main Authors: Chilambe, Pedro, Jalang'o Anyango, Dorcas, Kinyua, Ivy, Akoko, T., Smith, G., Stapleton, James
Format: Brief
Language:Inglés
Published: CGIAR Climate Change Impact Platform 2024
Subjects:
food systems
Online Access:https://hdl.handle.net/10568/158412
Summary:The agrifood sector faces a significant climate finance gap, receiving only 0.8 percent of total climate finance. There is an urgent need to increase climate finance. Clear definitions and concessional funding mechanisms are critical for effective financial flows, especially for vulnerable sectors like the agrifood sector. Outcome-based goals for climate finance: The New Collective Quantified Goal (NCQG) must establish outcome-based targets, including for the agrifood sector, reflecting its centrality in Nationally Determined Contributions (NDCs) and National Adaptation Plans (NAPs).

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