1、TRANSITION IN ACTIONAgri-foodThis publication is funded in part by the Gordon and Betty Moore Foundation through The Finance Hub,which was created to advance sustainable financePrepared by the Climate Bonds Initiative Transition in action,Agri-food Climate Bonds Initiative 2With the global populatio

2、n projected to reach close to ten billion by 2050,the agri-food sector has to expand.1 Balancing current and future production with nature preservation will be a major challenge as food security deteriorates due to limited availability of land to cultivate,changing weather patterns and intensive far

3、ming,leading to soil degradation and depleted groundwater.The Agriculture,Forestry and Other Land Use(AFOLU)sector is deeply impacted by the climate and biodiversity crisis but is also contributing approximately 30%of the total global anthropogenic greenhouse gas(GHG)emissions.2 Adequate financial m

4、echanisms are required to help farmers reverse the impact of food production on the environment and ensure resilience to climate risks later.The Organisation for Economic Co-operation and Development(OECD)defines transition finance as the expenditure deployed by corporates to implement their net-zer

5、o transition,in line with the Paris Agreement goal to limit global warming,and based on a credible corporate climate transition plan.3 This report will use the term climate transition finance to emphasise the primary goal of reaching net zero.4 Climate transition finance can be instrumental in suppo

6、rting the AFOLU sector to become part of the climate solution,improve food security,and raise the standard of living of millions of people.The AFOLU sector has several specificities that explain the slow uptake of climate transition finance:It comprises hundreds of millions of farms that finance mus