Climate change is creating risks and opportunities for agriculture. Risks include yield and price volatility as well as pressure to reduce GHG emissions and other environmental impacts. Opportunities exist for product innovation, new markets and sources of finance.
An emerging solution is 'climate-smart' agriculture - farming which improves productivity, increases resilience to climate change and reduces GHG emissions. But how can adoption of climate-smart agriculture be scaled up? What is the best way to measure the benefits? Who is providing finance and support? What are the new market opportunities?
We work with businesses, governments, civil society and international organisations to help them understand the impact of climate change on their agricultural interests and how they can respond. Our services include:
Through the Business Innovation Facility (BIF) we have been helping businesses in Africa to understand the impacts of climate change and develop strategies to respond to the opportunities and risks.
Climate-smart agriculture has emerged as an important issue in the international climate change negotiations. At COP 17 (Durban, 2011) PwC launched two reports in this area, the first looks at carbon market opportunities for agriculture and the second at different options for financing climate-smart agriculture.