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November 27th, 2019 / New Food Magazine, UK

Proposing three innovative finance solutions to support sustainable rice production in line with the Paris Agreement climate targets, Financing Sustainable Rice for a Secure Future was published by Earth Security Group (ESG), with support of the UN Capital Development Programme (UNCDF), the Sustainable Rice Platform (SRP), trader Phoenix Group, the World Business Council for Sustainable Development (WBCSD) and the Swiss Agency for Development and Cooperation (SDC).

The initiatives include a ‘rice bond’ to finance sustainable rice value chains, taking advantage of 2020 being a key year for the growth of green bonds in the agriculture sector, as highlighted by the Climate Bonds Initiative – which aims to grow low carbon and other climate-relate industries. A rice bond would allegedly enable a global rice processor, trader or retailer to provide farmers with capital to transition to sustainable production, improve farming practices, increase yields and revenue, and become more resilient to climate risks. Read more …