Investment Forum for Advancing Climate Resilient Agrifood Systems

Utkarsh Classes Last Updated 27-01-2024

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.