20230724-世界经济论坛-Green_Returns_Unleashing_the_Power_of_Finance_for_Sustainable_Food_Systems_22页_1mb

绿色金融驱动可持续食品系统的转型力量

Despite accounting for roughly one-third of global emissions, the food system receives a disproportionately low share of climate finance. This white paper explores five financial vehicles—supply chain finance, equity finance, insurance products, debt and sustainability-linked bonds, and blended finance—to address this gap and catalyze sustainable food system transformation.

Key Points

1. Significant Investment Gap:

   • Food and agriculture systems receive less than 4% of global climate finance, despite contributing up to 39% of agricultural emissions.
   • Public investment in food systems has remained stagnant, with only 3% of climate finance allocated to agriculture-related projects.

2. Five Financial Vehicles:

   • Supply Chain Finance: Tools like payables finance and carbon payments help farmers and processors access working capital.
   • Equity Finance: Offers capital for scaling sustainable technologies; examples include venture funds for sustainable agriculture.
   • Insurance Products: Parametric insurance and crop yield safeguards reduce climate risk for farmers and agribusinesses.
   • Debt and Sustainability Bonds: Green bonds and linked loans incentivize sustainable practices while addressing financial constraints.
   • Blended Finance: Combines public and philanthropic funds to de-risk investments in underserved communities and markets.

Barriers to Scaling

Financial institutions face three primary challenges:

• Lack of Sector-Specific Knowledge: Most lack expertise in complex food system dynamics, leading to risk misassessment.
• Data Challenges: Inconsistent metrics and reporting hinder benchmarking and access to blended finance.
• Coordination Complexity: Fragmented value chains and limited trust make it difficult to deploy integrated financial solutions.

Call to Action for Finance Sector

To overcome these barriers, the report proposes:

• Establishing a Community of Practice for data sharing and policy alignment.
• Developing Industry Benchmarks for sustainability performance.
• Co-Designing a Sector Strategy to chart a pathway for sustainable investment.

By leveraging these financial tools and addressing key barriers, stakeholders can unlock $4.5 trillion in annual economic opportunities while ensuring a sustainable and equitable food system for a climate-resilient future.