UN Environment launches $1 billion fund for sustainable farming
UN Environment partnered with Dutch financial institution Rabobank to establish a $1 billion fund offering grants and loans to businesses interesting in investing in sustainable farming practices.
The initiative was announced at the World Business Council for Sustainable Development plenary session, on Tuesday 17 October in Mexico City and was named Kickstart Food.
According to UN Environment, halting climate change along with an increasing agricultural footprint while ensuring growth in agricultural production to feed an estimated 9 billion people by 2050 will be among the biggest challenges of the 21st century.
The new scheme will be a $1 billion facility that aims to provide grants, loans and other forms of credit to agricultural producers that value sustainability.
Kickstart Food will run for 3 years focusing on 4 areas; earth, waste, stability, and nutrition.
According to the press release, the initiative will kick off with projects in Brazil and Indonesia.
Photo courtesy of Cecilia Schubert.