Supporting Colombia in promoting Climate Smart Agriculture

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     Crown Agents

Project country: Colombia
Sector: Nature
Expert Partners: Crown Agents

This skill-share supported the Ministry of Agriculture and Rural Development (MADR), the Rural Sustainable Development Division (DDRS) of the National Planning Department (Departamento Nacional de Planeación, DNP) and FINAGRO (National Development Bank) in strengthening its financial tools to channel finance towards sustainable productive activities via Climate Smart Agriculture (CSA) processes.

To achieve this, an expert from Crown Agents delivered a series of eight technical and financial workshops and three follow-up co-development sessions that helped to design the Green Finance Strategy to promote climate smart agriculture while equipping MADR, DNP and FINAGRO to make use of various green value chain policies, and fiscal and financial de-risking instruments to incentivize sustainable rural investments. This allowed them to scale up the climate smart agriculture value chain and provided national capacity and support internal and external stakeholders.

Gender, Equality and Social Inclusion (GESI) was considered in this skill-share by supporting the development of gender responsive policy, fiscal, and financial de-risking instruments to scale up gender responsive climate smart agriculture value chains. From the outset, the importance of including women in the workshops and co-development sessions was discussed with the MADR, DNP and FINAGRO. More than 30% of workshop attendees were women who actively contributed to discussions.

 

 





COL-014 CP quotes 

COL-014 Embassy quote
 
Counterparts:
 
Colombia potencia de vida           GOBIERNO DEL CAMBIO (1)
 
 
 
 
 

 

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     Key facts

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  • The National Development Plan (NDP) of Colombia, seeks to incentivise rural investments by reforming the agricultural national credit system and the management of the market and climate risks
  • The National Climate Finance Strategy seeks to catalyse and mobilise resources in a sustainable and scalable manner to achieve the objectives of climate change policies in the country, in contributing to meeting the 2030 NDC and SDG goals and priorities
  • DNP is the national government department that leads the country’s social, environmental and economic strategic vision. It reports directly to the President's Office and is in charge of advising and evaluating Colombia’s public policies. It oversees these public policies by allocating and managing public investments through governmental plans, programmes and projects in all sectors

Key achievements

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  • DNP’s public servants increased their technical capacity to use various green value chain policies, and fiscal and financial de-risking instruments to incentivise sustainable rural investments. This knowledge will support the achievement of sectoral targets set out in Colombia’s Nationally Determined Contributions (NDCs)
  • DNP are equipped with an outlined plan for the deployment of financial mechanisms for Climate Smart Agriculture
  • The skill-share brought examples of how other countries have designed their policy and financial de-risking instruments to scale up climate smart agriculture



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About UK PACT

UK PACT (Partnering for Accelerated Climate Transitions) is a unique capacity-building programme. Jointly governed and funded by the UK Government’s Foreign, Commonwealth and Development Office (FCDO) and the Department for Energy Security and Net Zero (DESNZ) through the UK's International Climate Finance, it works in partnership with countries with high emissions reduction potential to support them to implement and increase their ambitions for tackling climate change.

 

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