By signing the Paris Agreement, countries agreed to strive to meet the long-term goal of making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development (Article 2.1c). This recognises the need for coordinated shifts and reforms to ensure climate change is considered in financial decision-making and acknowledges the need for changes in the institutions and systems that govern these financial flows. However, guidance to countries on how to report on the climate-consistency of finance flows into agriculture, forestry and other land uses (AFOLU) is still missing.
We propose an assessment framework that can be used to develop a nationally appropriate set of indicators on climate-consistency of AFOLU finance flows. This will support the identification of the actions already being taken that are climate-consistent and highlight opportunities to fill gaps. The framework is intended to be flexible and non-prescriptive, allowing for nationally driven indicators to be selected and designed in light of a country’s climate-change objectives and the degree to which the AFOLU sector is relevant to their climate objectives. Such a framework is a key opportunity to incorporate reporting towards Article 2.1c in the first Global Stocktake of the Paris Agreement.
The Food, Environment, Land and Development (FELD) Action Tracker is a strategic initiative under the Food and Land Use Coalition (FOLU) to analyse policies, track action and assess progress towards sustainable food and land use, as part of broader efforts under the Paris Climate Agreement and the Sustainable Development Goals (SDGs).
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