Pradip Dey

AICRP (STCR), ICAR-Indian Institute of SOil Science, Bhopal, India
India

Risk allocation and way forward for successful multistakeholder partnership, engagement and delivery towards food security and nutrition in the face of climate change

In dealing with the challenge of food security and nutrition, countries must act on several fronts in a focused manner simultaneously. One of approach to address the issue is public private partnership (PPP) mode wherein wherein the contractual parties are the public and private partners and the purpose of the document is to govern and establish guidelines for the relationship between all parties. The objective from the public sector point of view is to make sure that the risks are allocated so that the private sector is incentivized to provide the service under the PPP contract but not require the private sector to take risks that they cannot control. The private sector attaches a premium on the risks, which affects the cost of their services. Consequently, the public authority must also consider which risks it will retain because it is able to control these risks more cost effectively. The National Action Plan for food security and nutrition hinges on the development and use of new technologies. The implementation of the Plan would be through appropriate institutional mechanisms suited for effective delivery of each individual Mission's objectives and include public private partnerships and civil society action. The focus will be on promoting understanding of climate change, adaptation and mitigation, energy efficiency and natural resource conservation. Lenders are required in many PPP arrangements, such as concession agreements, to finance the capital investments of a project.