FINANCING SUSTAINABLE AGRICULTURE IN THE CONTEXT OF CLIMATE CHANGE IN INDIA

COMMERECE

Agriculture faces significant challenges in achieving global food security and will confront even greater difficulties under the impacts of climate change. This paper aims to explore how financial strategies can help achieve the combined goals of development, climate change mitigation, and adaptation in agriculture, particularly in developing countries. The findings indicate that agriculture is severely underfunded, with foreign aid not increasing at the required pace to support sustainable agricultural practices amidst climate change. Many key areas in climate change mitigation and adaptation need substantial investment. The paper examines successful cases of agricultural mitigation and adaptation that have been implemented in developing nations. It identifies areas that have proven successful, those with potential for scaling up, and those that could be transferred to other regions. The study concludes that integrating agricultural climate mitigation and adaptation into broader agricultural development programs, strengthening local capacities, and addressing the needs of various stakeholders are essential for financing sustainable agriculture in the face of climate change.

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