This article calls for increased funding for Climate and Food Systems Transformation. Currently less than two percent of global philanthropic giving goes toward climate mitigation and only three percent of all climate finance is allocated to food systems, an even smaller fraction to farmer, fisher or Indigenous-led organizations. 

In December 2023, at the launch of COP28, the Agroecology Fund along with 25 leading philanthropies issued a joint call for a tenfold increase in funding for regenerative and agroecological transitions to address urgent global agricultural and environmental challenges. These philanthropies aligned around a shared ambition to catalyze a transition to 50 percent regenerative and agroecological systems by 2040, and to ensure all agriculture and food systems are transitioning by 2050.

However, it is not enough to shift financial flows; supporting participatory, democratic, local governance of funding and financing are critical to ensuring current and historic uneven power dynamics aren’t replicated.