This program “helps small-scale farmers in developing countries adapt to climate change and build resilience livelihoods by providing them with knowledge, skills and technology.”
$106 million for Deetken Asset Management, a Canadian investment firm, to launch the Inclusive Climate Action Fund.
This fund provides financing to SMEs and financial institutions in Latin America and the Caribbean to support clean energy and climate-smart agriculture.
$15 million with Mirova, an asset management company focusing on investment solutions that combine financial performance with environmental ans social impact, to support the Sustainable Land Fund 2.
The land fund is designed to tackle the interconnected challenges of land degradation and climate change in countries like Costa Rica, Ghana, Morocco and Peru.
And $8 million is earmarked for the Consultative Group on International Agricultural Research (CGIAR), the world’s largest public research network, to help 38 million small-scale farmers adapt to climate change and reduce emissions.
These commitments have some members of the ag community asking questions.
On Agriville.com, one user asked why with a struggling economy and large budget deficit the Canadian government doesn’t pull back on climate funding.
That same user suggested taking those federal dollars and investing them into things that benefit Canadians.
It’s not that foreign spending is bad, the user says, “the current timing and optics of doing so are obtuse at best.”