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Investment Forum for Advancing Climate Resilient Agrifood Systems

Utkarsh Classes Last Updated 27-01-2024
Investment Forum for Advancing Climate Resilient Agrifood Systems Government Initiative 3 min read

The 'Investment Forum for Advancing Climate Resilient Agrifood Systems' was launched by the NITI Aayog, Ministry of Agriculture and Farmers’ Welfare (MoA&FW), Government of India and the Food and Agriculture Organisation (FAO) of the United Nations.

  • Initiative was launched during a two-day Multi-stakeholder Meeting on January 18-19, 2024, at the India International Centre in New Delhi. 
  • The main goal of the initiative is to establish a partnership strategy and investment plan that will promote climate resilient agrifood systems among the government, private sectors, farmers’ organisations and financial institutions in India.

Climate change and agriculture

  • Agriculture is responsible for contributing a little over 13% of total greenhouse gas emissions in the country, which contributes to climate change. However, agriculture can also help in carbon sequestration by planting trees on farmland. 
  • Climate change has severe consequences for India, especially for its economically vulnerable rural population who rely heavily on climate-sensitive agricultural livelihoods. 
  • Indian agriculture is vulnerable to extreme temperatures, droughts, floods, cyclones and soil salinity. 
  • To integrate climate change into agrifood systems, it is essential to have larger investments from global climate finance, domestic budgets and the private sector. 
  • This forum aims to identify national priorities and policy platforms to finance climate-resilient agrifood systems. 
  • The forum enables key stakeholders to provide insights into various opportunities that can be leveraged through regional collaboration on climate-smart food system initiatives. 
  • It also proposes possible arrangements to maximize resource consolidation, catalytic findings and support large-scale climate advocacy campaigns.

About Food and Agriculture Organisations (FAO):

  • FAO, which stands for Food and Agriculture Organization, is a specialized agency of the United Nations. 
  • Its main focus is on global food and agricultural matters and it leads international efforts to prevent hunger. 
  • Every year on 16th October, World Food Day is celebrated to commemorate the anniversary of the establishment of FAO in 1945. 
  • The headquarters of FAO is located in Rome, Italy and the current Director General is QU Dongyu 
  • India is one of the founding members of FAO.

FAQ

Answer: The NITI Aayog, Ministry of Agriculture and Farmers’ Welfare (MoA&FW), Government of India and the Food and Agriculture Organization (FAO) of the United Nations.

Answer: Food and Agriculture Organisation (FAO)

Answer: Headquarters of FAO is located in Rome, Italy.

Answer: QU Dongyu.
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