
IFAD advises APAC on climate-related dangers
CIO Review APAC | Friday, December 24, 2021

IFAD has spent US 305 million dollars in targeted rural development projects that required help in adapting to and reducing the consequences of climate change on rural populations.
FREMONT, CA: Climate-related risks are growing throughout the Asia Pacific, disproportionately hurting disadvantaged rural people, according to IFAD research. IFAD spent US$305 million in targeted rural development projects that required help in adapting to and reducing the consequences of climate change on rural populations.
More than 510,000 small-scale agricultural families in Bangladesh, Bhutan, Cambodia, Laos, Nepal, and Vietnam have received climate change adaptation assistance via IFAD's ASAP programme. Climate change is already hurting rural people's lives and livelihoods, and this paper shows how IFAD has worked with rural communities to come up with a variety of practical and creative solutions.
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With the help of this report, which examines proven strategies and actions that can be "scaled up" in the region, a new phase of the "Enhanced Adaptation for Smallholder Agricultural Program" (ASAP+) could be launched that could provide an additional US$500 million in climate finance to help 10 million people, especially women and youth, become more climate-resilient.
Kisa Mfalila, , IFAD's regional climate and environment expert for Asia and the Pacific area stated that small-scale farmers had knowledge of what they need to be more resilient to the consequences of climate change, and that providing assistance by helping them access the relevant funding and technology could be beneficial. Agriculture has successfully adapted to climate change via a variety of means, according to the research. Among the report's suggestions are strategies to help smallholder farmers implement production-enhancing technology. It also emphasises the necessity of supporting policy frameworks and that governmental institutions, the business sector, and other stakeholders offer enough funding and advice. To enhance and speed up local solutions' uptake, public sector initiatives should be combined with efforts from private sector players, providing inputs and machinery, advisory services, technology solutions, and market access. This will allow local businesses to sell more profitable goods. Public-private partnerships were also highlighted.
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