PEOPLE AND NATURE
First Movers Coalition for Food: Securing demand for low-emissions agri-food systems
Context and challenges
Nearly 10% of the global population – ~0.8 Bn people – were undernourished in 2020, and over 30% – 2.37 Bn people – did not have access to diversified sources of food.
Meanwhile, food and agriculture is responsible for ~33% of global GHG emissions, 70% of freshwater withdrawals, and it is the main driver of deforestation and biodiversity loss.
Up to 70% of the global agri-food system’s GHG emissions are caused by six commodities: beef cattle, dairy, rice, row crops, soy and palm oil.
Initiative Description
The First Movers Coalition for Hard-to-Abate Agri-Commodities for Food (FMC4Food) seeks to accelerate the adoption of sustainable production methods and technologies for agricultural commodities through the lever of aggregated demand.
The initiative seeks to provide consistent and credible demand signals to transform the production and procurement of hard-to-abate commodities within the agri-food system. This demand-driven coalition will reduce risks of low-emission agri-food projects to unlock public and private investments.
FMC4Food will be announced at COP28. Founding members are leading companies and endorsing governments (including UAE) recognizing that accelerating sustainable practices and innovation is critical to address the urgency of climate and food crisis.
Beef cattle, dairy, rice and row crops have been prioritized as “first wave commodities” for the FMC4Food.
Commitments from Business & Philanthropy
Join the First Mover Coalition and share knowledge and best practices within the network to formalize the FMC4Food initiative
Make a procurement commitment to drive change towards the widespread adoption of sustainable agricultural commodities
Enable financing to transform food systems
How to get involved?
Reach out to the WEF team to discuss and commit in the actions above
Source: World Economic Forum