(3 Minutes Read)
The United Nations International Fund for Agricultural Development (IFAD) has urged world leaders to agree on an ambitious global finance goal for environmental adaptation. This appeal has come ahead of the COP29 slated to be held later this month.
The New Global Quantified Goal (NCQG) will be one of the main areas under discussion in Azerbaijan, and it said assisting small-scale farmers to adapt to climate change should be part of this. This is essentially a negotiation on how much money richer countries should contribute to support developing countries deal with climate change, said IFAD President, Alvaro Lario.
IFAD is calling on global leaders to agree to this climate finance plan and to include a specific goal for adaptation, prioritizing the needs of small-scale farmers. Lario said small farms are the backbone of our global food systems, but they are the ones bearing the brunt of climate change. Africa has contributed little to the causes of climate change but is among the hardest hit.
African leaders have long been calling for increased mitigation and adaptation financing to help fund change on the continent. Agriculture in Africa is largely rain-fed. It is being severely impacted by the extreme weather events associated with climate change.
Read Also:
Zimbabwe has been experiencing its worst drought in over 40 years, but thanks to an IFAD-funded irrigation project, farmers are still able to grow some crops. In other parts of the world, IFAD is financing projects that support climate adaptation to help smallholder farmers produce more food. Climate negotiators and activists from around the globe will gather in Azerbaijan’s capital, Baku, from 11-22 November.
