The COP27 Presidency, together with FAO, launched the Food and Agriculture for a Sustainable Transformation (FAST) Initiative to improve the quantity and quality of climate finance for agriculture and food systems by 2030. Another new program announced—I-CAN, the Initiative on Climate Action and Nutrition—promises to accelerate transformative action to address climate change and nutrition challenges. Global investors asked FAO to produce a roadmap to 2050 to align the Agriculture, Forestry and Other Land Use sector with a sustainable 1.5 degrees Celsius pathway.

Other broad proposals in the sector include the Agriculture Innovation Mission for Climate (AIM4C), [which] revealed a doubling of investment commitments from 42 member governments to $8 billion for supporting innovation for agricultural adaptation and emissions reductions. The European Commission, Germany, the Netherlands, Norway, and the United States collectively also committed $135 million in new funding for the Global Fertilizer Challenge, to support fertilizer efficiency and soil health programs to combat fertilizer shortages and food insecurity.

Individual nations are also stepping up. The Minister of Agriculture of Chile, Esteban Valenzuela, announced the First Net Zero Food Systems Ministerial Summit [and] Tom Vilsack, Secretary of the USDA, announced that the US will establish an international climate hub to share information and promote science based action.

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