Landscape of Climate Finance for Agrifood Systems

The document outlines a systemic framework for tracking climate finance in agrifood systems, expanding beyond traditional AFOLU (Agriculture, Forestry, Other Land Uses, and Fisheries) categories to include downstream agro-industries, food loss, waste, and diets. It details the methodology for estimating global annual investment needs—drawing from FOLU, UNEP, and Thornton et al.—and provides a granular breakdown of tracked project-level and company-level investments for 2019/2020. The annexes also include a corrigendum from February 2024 that significantly revises venture capital investment figures upward.

• The report adopts a systemic definition of 'agrifood systems' that encompasses natural resources, upstream agro-industry, agricultural production, downstream agro-industry, and human benefits/costs.
• To estimate global annual investment needs for agrifood systems up to 2030, the study aggregates data from three sources: the Food and Land Use Coalition (FOLU) estimating USD 212 billion, UNEP estimating USD 381 billion, and Thornton et al. estimating USD 1,267 billion.
• Project-level investments for 2019/20 averaged USD 28.5 billion, with mitigation (USD 14.4 billion) and adaptation (USD 7.3 billion) as primary objectives; forestry and agriculture were the largest recipients of mitigation and adaptation finance respectively.
• Public actors are the dominant source of project-level climate finance, providing USD 24.2 billion of the USD 28.5 billion total, while private actors contributed USD 3.3 billion.
• Company-level investments for 2019/20 averaged USD 4.8 billion, with the largest share directed toward 'Food Loss/Waste & Diets' (USD 2.2 billion) and 'Agriculture' (USD 2.1 billion).
• A February 2024 corrigendum revised several key figures, notably increasing the reported venture capital investments from USD 2.3 billion to USD 4.8 billion.

APA

Climate Policy Initiative (2023). Landscape of Climate Finance for Agrifood Systems. https://www.climatepolicyinitiative.org/wp-content/uploads/2023/11/Landscape-of-Climate-Finance-for-Agrifood-Systems-ANNEXES.pdf

Chicago

Climate Policy Initiative. Landscape of Climate Finance for Agrifood Systems. 2023. https://www.climatepolicyinitiative.org/wp-content/uploads/2023/11/Landscape-of-Climate-Finance-for-Agrifood-Systems-ANNEXES.pdf.

Wikipedia

{{cite report |author=Climate Policy Initiative |title=Landscape of Climate Finance for Agrifood Systems |date=July 2023 |url=https://www.climatepolicyinitiative.org/wp-content/uploads/2023/11/Landscape-of-Climate-Finance-for-Agrifood-Systems-ANNEXES.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatepolicyinitiative2023landscape, author = {{Climate Policy Initiative}}, title = {{Landscape of Climate Finance for Agrifood Systems}}, institution = {Climate Policy Initiative}, year = {2023}, month = jul, url = {https://www.climatepolicyinitiative.org/wp-content/uploads/2023/11/Landscape-of-Climate-Finance-for-Agrifood-Systems-ANNEXES.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }