Climate Finance Meets Low-Carbon Agtech
Headlining the climate finance discussions next week at COP26 may be the shortfall in advanced economies’ $100 billion annual pledge to help low- and middle-income countries (LMICs) adapt and further mitigate climate change. But with actual financing needs quickly approaching the trillions, the more important discussion may be reforming how public climate finance is deployed. Change is needed to mobilize private capital, fill critical gaps, and drive resilient, low-carbon development. Agriculture value chains are a good place to start the conversation.
So why are agtech companies unable to attract climate finance to accelerate scale-up, and what’s needed to mobilize agtech investment in LMICs? Jonathan Phillips, Victoria Plutshack, and T. Robert Fetter—all of the James E. Rogers Energy Access Project at Duke—write about potential solutions in a post for The Brookings Institution's Future Development blog.