The CFC becomes an ally of the ClimateShot campaign
The Common Fund for Commodities (CFC) is pleased to become an ally of the ClimateShot campaign, a Global Action Agenda aimed at transforming agricultural innovation for people, nature and climate. The campaign, launched at the COP26, strives to close the “innovation gap” in agriculture and food systems, which is now holding back ambitions in adapting to and mitigating the impact of climate change.
By bringing together different allies – governments, research organizations, financial institutions, implementing agencies, businesses and civil society – this ClimateShot builds a groundswell of support and commitments to its ambitions at COP26.
With more than 30 years of experience in financing innovative projects in the commodity sector, the CFC believes that the agriculture sector may play a critical role in addressing climate change. This is why the CFC promotes more sustainable practices like agroforestry, agroecology, precision, and climate smart regenerative agriculture production methods addressing conservation and, in some cases, reforestation. Such proactivity not only helps farmers better adapt to the challenges posed by climate change, but also contributes to mitigating the issue.
As the world recovers from the COVID-19 pandemic, researchers predict that by 2080, agriculture output in Least Developed Countries may decline by 20% due to climate change, and yields could decrease by 15% on average – this would make food security an issue of existential threat. The CFC, therefore, could not wait more to see the COP26’s successful outcome for a global consensus on ushering the green recovery to build a sustainable and inclusive future for all.