COP29 Highlights Agriculture's Role in Climate Fight; Nations Pledge Methane Cuts, Boost Funding

November 22, 2024
COP29 Highlights Agriculture's Role in Climate Fight; Nations Pledge Methane Cuts, Boost Funding
  • During COP29, delegates emphasized the critical role of agriculture in addressing climate change, particularly on Food, Agriculture and Water Day.

  • Experts warned that unchecked agricultural emissions could thwart global climate goals, even if fossil fuel emissions were eliminated immediately.

  • Recognizing agriculture's significant impact, recent COPs have highlighted that it accounts for about one-third of global greenhouse gas emissions.

  • A coalition of over 50 million family farmers pointed out the insufficient public financing reaching small-scale farmers, who are essential for food production in many regions.

  • The FAO reported that agriculture received around $29 billion in climate development finance in 2022, despite its substantial contribution to greenhouse gas emissions and deforestation.

  • A 2021 report revealed that many countries' Nationally Determined Contributions (NDCs) underestimated agricultural emissions by neglecting factors such as deforestation and food waste.

  • In a significant commitment, over 30 countries pledged to reduce methane emissions stemming from food loss and waste, which accounts for 8-10% of global methane emissions.

  • Soil conservation advocates called for increased climate financing to restore degraded soils, warning that neglecting this could release stored carbon back into the atmosphere.

  • The Alliance of Champions for Food Systems Transformation reported progress in systemic change initiatives, with countries like Sierra Leone taking steps to prevent deforestation linked to rice production.

  • The Baku Harmoniya Climate Initiative for Farmers was launched to provide farmers with accessible information and resources to support their climate action efforts.

  • Looking ahead to COP30 in Belem, Brazil, there is a crucial opportunity to address the connection between deforestation and food production.

  • Countries are required to submit updated NDCs every five years, with the next deadline in 2025, highlighting the urgent need for specific plans to reduce agricultural emissions.

  • The Agriculture Innovation Mission for Climate announced a significant increase in funding for 'climate smart' agriculture, raising the total from $17 billion to $29.2 billion since the last COP.

Summary based on 1 source


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