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Climate Finance For Low Emissions Agriculture In Sub-Saharan Africa

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26 Feb, 2024

This post was originally published on Climate Links

Climate Finance For Low Emissions Agriculture In Sub-Saharan Africa
jschoshinski
Fri, 02/09/2024 – 21:00

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The USAID Africa Trade and Investment Activity partnered with Open Capital (OCA) and the Climate Policy Initiative (CPI) to inform the design of catalytic interventions to scale climate financing for low-emissions agriculture in Sub-Saharan Africa (SSA). This work included a thorough landscape analysis of climate financing flows specifically targeting agriculture in SSA. This analysis evaluated the effectiveness of climate mitigation and adaptation financing and the funding partners involved, as well as the primary barriers to increasing climate financing on the continent. 

The Climate Finance Innovation for Agriculture Report builds on insights from extensive consultations with a broad range of key ecosystem stakeholders and comprehensive desktop research, this report identifies intervention opportunities to address barriers to climate finance flows, including financing, governance, skills and knowledge, and agribusiness barriers.

The Climate Finance Toolbox provides a set of foundational resources to support USAID Country Missions in accelerating the flow of climate finance in their respective countries in SSA.

Introduction to the Landscape of Climate Finance for Agriculture

Introduction to the Climate Finance Landscape: This document summarizes the context of climate finance for sub-Saharan Africa, including various instruments, approaches, challenges, opportunities, outcomes, and support requirements to inform potential interventions for future agriculture programs and projects with a climate finance focus.

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How-to Guide 1: Building a Climate Finance Roadmap

Developing Climate Finance Roadmaps: This document offers a set of guidelines for USAID country Missions developing customized climate finance roadmaps for the agriculture sector to accelerate the flow of climate finance within their respective countries or regions. This guide includes a step-by-step process for identifying barriers to climate finance flows, developing corresponding interventions, managing stakeholder engagement approaches, and incorporating milestones, timelines, and responsibilities to ultimately scale climate finance flows.

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How-to Guide 2: Supporting Development of Climate Finance Projects in Agriculture

Supporting the Development of Climate Finance Projects in Agriculture: This document provides guidance to USAID country Missions seeking to assist diverse stakeholders in developing climate-positive agriculture projects. Such projects involve avoiding or removing greenhouse gases from the atmosphere, preserving biodiversity, sustainably managing of natural resources, and improving the livelihoods of the local communities engaged in climate-related interventions.

 

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How-to Guide 3: Carbon Markets for Agriculture 101

Carbon Markets for Agriculture 101: This document serves as a foundational resource for understanding, assessing, and enabling the growth of carbon markets in agriculture within Sub-Saharan Africa (SSA). This document summarizes key opportunities, challenges, and considerations for Missions to consider when developing carbon projects in SSA.

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How-to Guide 4: Working with Local Financial Institutions to Integrate Climate Lending

Working with Local Financial Institutions: This document offers guidance to USAID country Missions on crucial considerations when assisting local financial institutions in improving climate-specific lending in agriculture. Key areas covered include the development of effective risk assessment and mitigation techniques, as well as innovative financial instruments and structures that can encourage lending for climate-positive projects.

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Digital Tools and Resources for Climate Finance for Agriculture

Digital tools for climate finance for agriculture in SSA: This document provides a list of digital resources and platforms that support efforts to accelerate climate finance flows in the agriculture sector in Sub-Saharan Africa. The resources include interactive tools for assessing the impact of climate financing, training resources for enhancing climate-related and financial knowledge, and a directory of key networks for potential collaboration and information exchange.

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