Deploying technologies and innovative approaches in collaboration with the private sector is key
There are a range of climate-friendly technologies available for agricultural value chains that could improve the resilience of food systems, and reduce climate risks, many of which are suited to SMEs and small farmers. However, they remain in their early stages because most value chain actors have not yet priced the effects of climate change. The AGRA delegation participated in several events that unpacked innovative components for a sustainable transformation agenda. Participants identified private sector players as key champions for enabling the participation of smallholder farmers participate effectively in climate programs to address their challenges and seize opportunities.
The private sector’s role in developing technologies and practices for carbon removal and the reduction of carbon loss is at its infancy. Small scale farmers would benefit from incentives to improve and restore their farms and landscapes if they benefit from carbon credits. However, from the context of African farmers, the intervention areas and technologies that would attract carbon markets need to be piloted and fine-tuned to make it fit to the context and significantly easier for agri-SMEs to afford the climate products and services they need to adapt.