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The Enhanced Adaptation for Smallholder Agriculture Programme
Small-scale producers remain underserved by global climate finance. They bear the devastating consequences of a changing climate, degraded soils, food insecurity and irregular migration. So far only about 1.7 per cent of the money invested globally in climate finance is reaching small-scale producers.
The Enhanced Adaptation for Smallholder Agriculture Programme (ASAP+) is a 100 per cent climate financing mechanism and is envisioned to be the largest fund dedicated to channeling climate finance to small-scale producers. It has a target of mobilising US$500 million, which is expected to benefit more than 10 million people by:
- Creating additional impact and help leverage existing climate finance for small-scale agricultural producers.
- Increasing the resilience of small-scale producers, whilst transforming food systems from production to consumption.
- Reducing climate change threats to food security.
- Helping to mitigate and sequester carbon and contribute to achieving countries’ commitments, including nationally determined contributions (NDCs) and National Adaptation Plans (NAPs).
ASAP+ builds on IFAD’s expertise on investing in rural communities and its successes and lessons learnt from the first two phases of ASAP. It focuses on addressing the climate change drivers of food insecurity by:
- Increasing resilience of vulnerable communities, farmers, fishers and pastoralists – including women, youth, indigenous people and other marginalized groups - to the uncertainty caused by climate change on food security and nutrition; and
- Reducing greenhouse gases through win-win interventions that also yield significant food security benefits, particularly for vulnerable groups.