Building  on  case  studies from the field, the paper outlines a range of practices, approaches and tools aimed at increasing  the  resilience  and  productivity  of  agricultural  production  systems, while  also  reducing  and  removing  emissions. The second part of the paper surveys institutional and policy options available to promote the  transition  to  climate‐smart  agriculture  at  the smallholder  level.  Finally,  the  paper  considers  current  financing  gaps  and  makes  innovative suggestions  regarding  the  combined  use  of  different  sources,  financing mechanisms and delivery systems.