Yet, climate finance going to small-scale agrifood systems has gone down by 44 percent and is now as low as 0.8 percent of total climate finance, falling far short of needs. Small-scale farmers, who feed entire communities and nations in the developing world, need to be able to adapt to climate change now. Small-scale farmers are often on the climate frontlines, living in vulnerable areas, and exposed to extreme weather events. Yet, according to the new analysis, “The Climate Finance Gap for Small Scale Agrifood Systems”, climate finance to small-scale agrifood systems (which include small-scale famers, farmers organizations, cooperative and also micro-, small rural agribusinesses serving them), is strikingly low, falling to US$5.53 billion, representing less than 0.8% of global climate finance in 2019/2020. This is extremely disturbing as solutions to help small-scale farmers to adapt do exist,” said Lario.
