Scaling up inclusive climate action through private sector engagement in agriculture and land-use

The importance of the agriculture and land use sector is recognized in over 95 percent of countries’ NDCs, which include targets related to emissions reductions and resilience. Despite this recognition global and national efforts to scale up transformative climate action in agriculture and land use are falling short of what is required.

This is due to several barriers such as insufficient engagement with the private sector, gaps in the amount of climate finance allocated to agriculture and land use and lack of inclusive and balanced participation in climate and agricultural decision-making processes.

Government action has a critical role to play in addressing some of these barriers – it can contribute to the enabling environment for public-private collaboration, incentivize private investment in climate action and promote the rights of vulnerable groups through representative and inclusive decision-making.

This event will bring together government, civil society, private sector, and donor community representatives to emphasize the rationale for engaging the private sector in scaling up climate action and the role that different actors can play in making this happen. It will aim to:

- Highlight country-level approaches, experiences, and insights on enhancing private sector engagement in climate action.

- Discuss barriers, risks and how best to mitigate them to strengthen the business case for private investment in climate initiatives.

- Discuss the role of regulatory measures in incentivizing private sector engagement in adaptation and mitigation for the agriculture and land use sector.

- Understand the need for inclusive decision-making in public-private collaboration for climate action to ensure the rights of vulnerable groups such as indigenous communities are prioritized.