Rabobank and UN Environment announce new Billion dollar partnership to kickstart Climate Smart Agriculture
Rabobank and UN Environment announced today the creation of a new 1 billion dollar facility to finance sustainable agriculture using a combination of public and private funding. Together they also invite other interested financial institutions to sign up and work actively with global food companies to put this into practice. The facility aims to provide grants, de-risking instruments and credit to clients involved in sustainable agricultural production, processing or the trade of soft commodities who adhere to strict provisions for forest protection, restoration and the involvement of smallholders.
Illustration Photo: Climate smart farm in Kenya (credits: C.Schubert / Flickr Creative Commons Attribution-NonCommercial 2.0 Generic (CC BY-NC 2.0))