Background
The Investment Action Group (IAG) functions are: Improving the effectiveness of public and private investments that support the three pillars of climate-smart agriculture.
Objectives pertaining to investment may include:
- Encouraging existing public and private investments to review their compatibility with climate smart agriculture;
- Facilitating the identification of existing and new sources of financing for climate-smart agriculture, through leveraging new public and private investment from domestic and external (multilateral and bilateral) sources;
- Developing methodologies and metrics to guide investment strategies;
- Improving climate-resilience of rural and agriculture infrastructure while reducing
- Greenhouse gases where possible;
- Engaging government departments, institutions, farmer organizations, the private sector and agri-businesses (large and small) and others in multi-stakeholder partnerships for climate-smart investments in agriculture and food systems, including supply chains;
- Increasing farmers’ access to weather forecasting and risk management tools, such as insurance;
- Creating incentives for farmers, to adopt climate-smart practices, providing the best social, economic and environmental results;
- Development of early warning systems and contingency plans in relation to extreme weather events.