Climate Politics
Climate Finance Is Failing Farmers Punished by Global Warming
Less than 3% of all public climate finance goes to food systems, despite global warming’s catastrophic impact on agriculture.
A damaged rice farm following historic flooding in Eldorado do Sul, Rio Grande do Sul state, Brazil, on May 22, 2024.
Photographer: Tuane Fernandes/BloombergThis article is for subscribers only.
Filipino farmer Esther Penunia has seen her home country ravaged by heat, floods and typhoons just this past year. She saw farmlands in water up to her chest and crops destroyed.
“Climate change is real,” she said from the United Nations COP29 talks in Baku, Azerbaijan. “It’s affecting our crops, our yields and therefore our incomes. Everyone is really getting hurt.”