Amid climate change and food security challenges, small-scale farmers and supply chain actors receive less than 1% of global climate funding, despite being responsible for 35% of the world’s food supply.

In fact, these numbers actually dropped by 44% in 2019-20 compared to 2017-18 – though the sources, objectives and geographic distribution of the finance were largely similar.

In August, research non-profit Climate Policy Initiative released a report revealing the gaping gap in climate finance when it came to agrifood systems. Despite food and agriculture making up a third of all global greenhouse gas emissions, this sector only received 4.3% of all climate funding in 2019 ($28.5B).

Now, a new report by its agri-finance programme the ClimateShot Investor Coalition (CLIC), has revealed that this chasm is even starker when it comes to smallholders and the agricultural micro-, small-, and medium-sized enterprises (MSMEs) serving them – while this group supplies 35% of the world’s food and faces climate-related food insecurity, it only receives 0.8% ($5.53B) of all climate investment globally ($660.2B).