Business & Philanthropy Climate Forum

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PEOPLE AND NATURE

Food System Innovation at Scale: Scaling specific evidence-based innovations in EMDEs

Context and challenges

Food systems – encompassing production, transport, processing, energy, waste – are globally responsible for ~33% of GHG emissions and ~88% of deforestation.

Impactful and cost-effective innovations have not yet reached sufficient scale-up in low and middle-income countries (LMIC), despite having the potential to benefit millions of farmers affected by climate change, while addressing emissions and halting the loss of natural habitat and biodiversity.

Initiative Description

​The Food System Innovation at Scale initiative aims to support the scaling of specific, evidence-based innovations to enable their growth.

The initiative aims to boost the resilience of LMICs and mitigate emissions, while benefiting producers globally.

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Across seven innovation areas, the initiative consolidate and showcase available projects that meet the criteria of being scientifically-based, cost-effective and with potential for scale-up. It aims to provide guidance towards an efficient allocation of resources to investors and donors.

Each of the investments is forecasted to range between USD 10 Mn and USD 200 Mn.

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An example project is weather forecasting in East Africa to support the activity of millions of local farmers.

Commitments from Business & Philanthropy

Support the effort directly through funding of innovation bundles showcased by the initiative

Support the effort indirectly through engaging in actions with the secretariat to enable scale-up of projects

Support market shaping instruments to develop new food systems

How to get involved?

  • Reach out to COP28 Food systems team to learn more about investments opportunities or ways to support the projects scale-up
  • Learn more about market shaping instruments here
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