COP29: Advancing work for Climate Finance and for Climate-Adapted Agri-Food Systems

By David Nabarro
GENEVA, Dec 12 2024 – Frustrations over the pace of climate action and the size of the finance target agreed in Baku are valid from the perspective of low-income countries, especially Small-Island Developing States (SIDS). It is also important to recognize that there has been real progress in some countries at the agri-food-nutrition-climate-water-nature-livelihoods intersection, and this seems to be particularly the case in some countries in the Alliance of Champions for Food Systems Transformation (ACF).

David Nabarro

The finance negotiations at COP29: Climate negotiations become harder as the stakes get higher. The focus of COP29 in Baku, Azerbaijan was on climate finance. The intention was to increase the target for finance to go to developing countries to help them protect their people and economies against climate disasters and invest into clean energy. This would come in the form of a new goal for global climate finance. Negotiating a finance goal was never going to be straightforward. It is challenging for nations to agree an amount that is fair for everyone and, at the same time, politically feasible for those that are asked to provide the cash. The last hours of COP29 in Baku were difficult and many participants felt dissatisfied when they left.

Solid floor on which to build: But the outcome – a new global goal of $1.3 trillion annually by 2035, from public, private and innovative sources, with developed nations committing $300 billion per year – is a real increase on the previous target of $100bn a year. It is a solid floor on which to build. Is the amount big enough? Will it be made available to those who need it soon enough? I cannot say at this stage. Securing a sustainable future for all requires continued goodwill, engagement and collaboration. This is only possible if all concerned ensure the transparent provision, effective delivery and efficient use of promised funds. This will pave the way for greater confidence among donors and further increases in available resources.

Growing momentum on the agri-food-nutrition-climate + intersection: I sensed a greater recognition that those who produce food are affected first, and worst, by climate change, and that the numbers of people at risk of food insecurity, hunger and malnutrition are on the rise with the most affected being women and children. Agri-food systems contribute significantly to greenhouse gas emissions while, at the same time, having the potential to sequester carbon dioxide. That makes them quite special within climate discussions though – for now – it appears hard to bring them into the negotiations.

What is the basis for this? The contacts I have had with national food systems convenors and climate focal points, during the last two years, suggest that several governments are seeking ways to transform food systems in ways that converge their agri-food systems with climate action. They do this in ways that reflect the aspirations in the COP28 UAE declaration on Sustainable agriculture, Resilient food systems and Climate action endorsed by 160 Heads of Government last year. Some countries have come together in an ambitious Alliance of Champions for Food Systems Transformation. There is backing available through different entities in the UN system, the UN Food Systems Coordination Hub, the Technical Cooperation Collaborative, the COP29 Baku Harmoniya Climate Initiative for Farmers, as well as different elements of a wide ecosystem of support which is constantly inspired by the Climate Champions, regional organizations and more. There is a lot of effort being invested in streamlining and connecting these efforts.

Younger people: In COP29 there was greater engagement of younger people who were systematically welcomed and actively engaged in many events. With their consistent focus on inclusion, governance, and accountability, their participation greatly adds to the ambition and potential impact of the different processes underway.

A will to work together: COP29 was a massive and complex event involving around 60,000 people from nearly 200 countries. I saw how the different groups that were there engaged in constructive ways and I appreciated the contributions of the organizers, volunteers, participants of all ages (especially younger people), governments, local authorities, farmers, advocates, businesses, civil society, media, and others. Despite their different perspectives they engaged in constructive dialogue, all are working for sustainable and just futures. The work on food and agriculture advances well and all those I met in Baku were doing their best to work together harmoniously. Many wanted greater ambition. Some are acutely frustrated because they fear for their future and sense underlying injustice. Not all agree on what to prioritize. But overall, though, I sense remarkable momentum which is paving the way for more substantive action even if the international geopolitical context is very difficult.

Looking ahead: Climate change is an exponential and existential challenge with increasingly severe consequences for many millions of people. The work ahead is immense and increasingly ambitious and innovative actions will be required. The journey ahead requires skilfully chosen investments that foster convergent ways of working: these will be needed more than ever in the years to come. Going further and faster requires everyone to focus on maintaining connections, fostering dialogue, nurturing respect, sharing energy and sustaining trust. The interactions in Baku showed me what might be possible, and I am impatient for more. Our 4SD Foundation will continue to contribute with its focus on sustaining cross-sector, interdisciplinary and multi-stakeholder convergence through structured dialogues.

David Nabarro, Strategic Director 4SD Foundation, Geneva

IPS UN Bureau

 


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