With the global population expected to reach close to 10 billion by 2050, the agri-food sector faces the challenge of expanding production while preserving nature. Climate transition finance has emerged as a critical tool to support the sector's shift towards sustainability and resilience.
This report explores the concept of climate transition finance and its potential to drive transformation in the agriculture, forestry and other land use (AFOLU) sector. It discusses the unique challenges and opportunities within the sector and highlights the importance of sustainable finance in achieving climate mitigation, adaptation, biodiversity protection, and poverty alleviation goals.
It also highlights developments within the banking sector, emphasizing the crucial role of local banks in supporting farmers, ensuring an inclusive transition and alleviating poverty.