FAO: Global agri-food systems need nearly $1T of investment annually

About one trillion US dollars of investment per year is needed from now until 2030 in global agri-food systems to achieve net-zero and climate resilience targets, Food and Agriculture Organization (FAO) representative Jeffrey Griffin told a COP29 event "Connection between Climate and Biodiversity: Integrated Solutions for a Sustainable Future" held in Baku, Report informs.

According to Griffin, one-third of the world's soil has been degraded, and 100 million hectares of agricultural land are subjected to degradation each year:

"Agriculture depends on a stable climate, thriving biodiversity, and healthy soil. As COP29 comes to an end, it is necessary to increase ambitions for climate financing and invest in agri-food system solutions that work for the planet."