Financing Food Security through innovative financial Instruments:
The Case of The Green Bond
Climate change is a threat to food security in Sub- Saharan Africa. Africa is one of the continents that have contributed the least to greenhouse gas emissions (less than 4%) but is facing the challenges of erratic climate change, more so since agriculture on the continent is rain-fed and climate-sensitive. Following the UNFCCC goal of common but differentiated responsibilities, Western countries agreed to support developing countries with additional funding to their official development assistance commitments. So far out of the $100billion pledge for 2020 only about $83 billion has been raised for adaptation and mitigation. More financial flows are needed for Africa to cope with climate change. New and innovative climate finance mechanisms are needed for the continent especially for adaptation and in agriculture. Investors are gradually greening their portfolios with the introduction of ESG, Environment Social and Governance, more investors want their portfolios to create impact and be environmentally friendly. How do we galvanise and catalyse investments into the agricultural sector, Insurance, derisking agriculture , green bonds, guarantees and grants ? How do these various options span out the event will be hearing various stakeholders on Agricultural innovations and projects that attract climate financing using Nigeria as a case study.