The meals system is a key answer to tackling essentially the most crucial, pressing challenges of our time. Meals techniques can and should be on the coronary heart of supporting wholesome individuals, a wholesome planet, and wholesome economies. Sustainable techniques can underpin sturdy financial restoration (together with job creation and getting out of debt traps), local weather motion and public well being.
However immediately’s meals techniques are sometimes extractive, harmful and reinforce main inequalities, producing over $12 trillion a yr in hidden environmental, social and financial prices. Monetary incentives are misaligned; detrimental externalities are usually not accounted for, stopping funds from flowing to sustainable alternatives & embedding enormous threat into monetary techniques. Consequently, our meals techniques are subtracting moderately than including worth.
An extra $350 billion in funding is required per yr to remodel meals techniques. This implies altering how meals is financed. Public capital should be used to de-risk regenerative enterprise fashions, sort out challenges like starvation and poverty and construct pipeline and capability. Non-public capital can be utilized to incentivise extra sustainable practices – correctly valuing ecosystem companies and mobilising sources, data and know-how for smallholders, indigenous peoples and different producers to help a extra equitable approach of manufacturing and consuming meals. Total, reform of the monetary system at-large is required to redirect incentives and create the enabling atmosphere for funding to circulation to sustainable meals techniques.
To deal with this, the Finance Lever goals to sort out incentives which lock in an extractive, harmful, exploitative financing mannequin, serving to to develop the monetary system structure and funding mechanisms (each private and non-private) to help the objectives of a better performing, extra resilient and equitable meals system.
The UN Finance Public Discussion board will deliver collectively private and non-private stakeholders to sort out obstacles to funding and to construct an bold shared imaginative and prescient of a Meals Finance Structure that mobilises largescale capital for extra sustainable meals techniques.
This occasion is hosted on behalf of the Finance Lever for the UN Meals Programs Summit. It has benefited from the organisation and help of the United Nations Meals Programs Summit Secretariat, the World Financial institution, SYSTEMIQ & the Meals and Land Use Coalition (FOLU), and the Worldwide Meals Coverage Analysis Institute (IFPRI)
Final Up to date: Jul 02, 2021