Africa > Smallholder farmers spend billions of their own income annually on adapting to climate change, nature loss

Smallholder farmers spend billions of their own income annually on adapting to climate change, nature loss

Published 00:01 on November 14, 2023  /  Last updated at 17:30 on November 14, 2023  / /  Africa, Americas, Asia Pacific, Biodiversity, EMEA, International

The 439 million smallholder farmers globally are spending as much as $368 billion collectively of their own income each year on tackling the impacts of climate change, including on pest control, soil improvements, and biodiversity conservation, which significantly dwarfs the $230 mln pledged for the Adaptation Fund at last year’s COP27 and highlights the increased levels of climate support required by the sector that produces around a third of the world’s food, according to a study published Tuesday.
The 439 million smallholder farmers globally are spending as much as $368 billion collectively of their own income each year on tackling the impacts of climate change, including on pest control, soil improvements, and biodiversity conservation, which significantly dwarfs the $230 mln pledged for the Adaptation Fund at last year’s COP27 and highlights the increased levels of climate support required by the sector that produces around a third of the world’s food, according to a study published Tuesday.


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