Pro-climate Non-Governmental Organisations (NGOs) have teamed up with Microsoft and Rabobank to implement a series of pilot projects offering financial incentives for farmers adopting climate-smart practices and switching their farms to agroforestry systems.
The initiative has already supported over 6,000 farmers with inputs, technical assistance and pre-finance to reduce their carbon footprint as part of efforts to find solutions and reduce emissions to help mitigate climate change.
The initiative is being implemented in Colombia and Peru by Solidaridad and the Norwegian Initiative for Forests and Climate (NICFI) with support from The Agroforestry in Action Initiative, by tech giant Microsoft and Rabobank.
Agriculture is said to be responsible for 20-30 percent of the Green House Gases (GHG) emissions globally.
Additionally, smallholder farmers who happen to manage about 75 percent of the world’s agricultural land are heavily impacted by climate change.
Solidaridad and Rabobank believe, “unlocking the potential of smallholder farmers to become a global force for good in addressing climate change has become a joint goal.”