Just ask the investors: businesses in emerging markets can no longer afford to ignore the risks posed by the changing climate to their bottom lines. Ranging from increasingly frequent and severe weather events to new regulations and changing consumer preferences, climate change is fundamentally transforming the way we do business. Increasingly, companies and their investors are seeking opportunities to transition to and invest in climate-smart portfolios.
Agriculture is central to feeding the world and reducing poverty.
But conventional forms of agriculture are often unsustainable and drive land degradation. Agriculture is also the world’s leading anthropogenic source of methane (52 percent) and nitrous oxide (84 percent) emissions, and the principal driver of deforestation worldwide. Agriculture and agriculture-driven land-use change contribute 24 percent of global greenhouse gas emissions.
We can’t fix what we don’t measure, which is why quantifying greenhouse gas emissions from agricultural production is a necessary step for climate-smart agriculture (CSA). Greenhouse gas accounting can provide the numbers and data that are important to solid decision making.
We’re doing a lot of talking and listening here at COP 20 in Lima about climate finance – how hundreds of billions of dollars were invested globally last year to clean up the air, get efficient energy to more people, make agriculture more productive, and build resilience to extreme weather events.
We all know and acknowledge much more still needs to be done – the International Energy Agency and others believe we need at least $1 trillion dollars of new investment each year to address climate change.
There’s no way that public money alone can meet that goal. We need to find ways to catalyze the limited public funds we have to unlock private investment. That, of course, means investors need to have the confidence that the right policies are in place to make long-term investments for the climate.
Last week, I had the honor of speaking to the UN Security Council about an increasingly dangerous threat facing cities and countries around the world, a threat that, more and more, is influencing everything that they and we do: climate change.
World Bank President Jim Kim was in Russia talking with G20 finance ministers about the same thing – the need to combat climate change. Every day, we’re hearing growing concerns from leaders around the world about climate change and its impact.
If we needed any reminder of the immediacy and the urgency of the situation, Australia Foreign Minister Bob Carr and our good friend President Tong of Kiribati spoke by video of the security implication of climate effects on the Pacific region. Perhaps most moving of all, Minister Tony deBrum from the Marshall Islands recounted how, 35 years ago, he had come to New York as part of a Marshall Islands delegation requesting the Security Council’s support for their independence. Now, when not independence but survival is at stake, he is told that this is not the Security Council’s function. He pointed to their ambassador to the UN and noted that her island, part of the Marshall Islands, no longer exists. The room was silent.
Ninh Binh Province was hit by severe flooding two weeks ago, like many other regions in Vietnam. It was yet another sharp reminder that Vietnam will increasingly be facing the effects of climate change. However, as we were visiting the region a few days later, activity had returned to normal, and people were busy working in rice paddy fields or cooking meals for their families (with biogas produced from livestock waste).
Ninh Binh Province has shown remarkable resilience to flooding, thanks in part to an innovative program set up by local authorities called “living with floods.” It consists of stepping up the number of staff (military, policemen, civilians) on duty during the flood season and reinforcing physical infrastructure – dikes have been upgraded with more than 2,700 cubic meters of rocks, and about 2 million cubic meters of mud have been dredged to assure water flow in the Hoang Long River.
This field trip to Thanh Lac Commune during the 2nd Global Conference on Agriculture, Food Security and Climate Change illustrated some examples of what resilient agriculture could be and how adaptation, productivity, and mitigation should be considered in an integrated manner. Ensuring the resilience of the country’s agricultural sector will be essential, not only to its own food security, but to the world’s—it is the world’s second largest rice exporter.
A tiny green oasis stands out amidst acres of dry arid land. As many as 12 different crops—including a wide variety of pulses, fruits, vegetables, and flowers—as well as a farm pond constructed through the Employment Guarantee Scheme and a vermicomposting pit are all seen on this one acre farm in the drought-ridden village from Warangal district of Andhra Pradesh. Suhasini, a young Dalit woman who decided to experiment with the only acre (0.4 hectares) of land she owned, asserts confidently “Next year, most of this surrounding land would be green as well—the other farmers will definitely follow me.”
Suhasini is one among over 1.2 million farmers across 9000 villages that are practicing a cheaper and more sustainable method of agriculture across 1.2 million hectares in the state, even as more farmers are becoming part of what is termed a farmers’ movement for sustainable agriculture in Andhra Pradesh. The program named Community Managed Sustainable Agriculture (CMSA) is essentially an alternative to the conventional-input intensive-agriculture model. It promotes the use of locally available, organic external inputs—including cow dung, chickpea flour, and palm sap—and the use of traditional organic farming methods such as polycropping and systems of rice intensification (SRI).