Today, at COP28 in Dubai, the Emirates Declaration on Sustainable Agriculture, Resilient Food Systems and Climate Action was launched.
This declaration recognises that, “unprecedented adverse climate impacts are increasingly threatening the resilience of agriculture and food systems as well as the ability of many, especially the most vulnerable, to produce and access food in the face of mounting hunger, malnutrition, and economic stresses”.
Commenting on the Declaration, Lucrezia Tincani, Head of Policy at FAIRR, said:
“Today’s Emirates Declaration at COP28 finally puts food and agriculture on the table at the centre of the world’s climate negotiations.
“Global markets will welcome today’s announcements as a turning point, with the potential to unleash more investment into the transition to a more sustainable global food system.
“FAIRR welcomes the pledge by 134 countries to harmonise action on food. In particular, the commitment to repurpose agriculture subsidies and other public support to the sector to align with climate goals, and to better include food emissions in Nationally Determined Contributions (NDCs).
“Both are elements FAIRR and its investor members have called for previously. An investor statement in July 2023 backed by investors with $7.3 trillion in assets urged better alignment of agricultural subsidies with climate goals, and the $12 trillion-backed Investor Statement for COP26 called for better integration of agriculture into NDCs.
“Countries must now act on this declaration and arrive at COP29 and COP30 with real progress in hand. We look forward to seeing quantitative targets for reducing countries’ agri-food emissions in each NDC and seeing substantial reform of agricultural subsidies.”
Notes to editor
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About FAIRR
The FAIRR Initiative is a collaborative investor network, founded by Jeremy Coller, with a membership of $70 trillion in collective assets of support. FAIRR works with institutional investors to define the material ESG issues linked to intensive livestock and fish farming systems and provide them with the tools necessary to integrate this information into their asset stewardship and investment decisions. This includes the Coller FAIRR Protein Producer Index, the world’s first comprehensive assessment of the largest global animal protein companies on environmental, social and governance issues. Visit www.fairr.org and follow @FAIRRInitiative.