This report looks at the current state of the agriculture climate finance sector and identifies areas that require additional investment and research to start tipping the climate finance balance towards adaptation.

Eight investable climate adaptation technologies are identified, which have growth potential and relevance for smallholders and agribusinesses in emerging markets in Africa and Asia.

To promote investments in climate smart agriculture technologies, it is suggested that there is a need for more early-stage venture capital and angel investing which can be achieved by bringing together pioneer entrepreneurs, impact investors and climate experts to share examples of how funds can pivot to include climate. Investors need reliable data systems from national governments and benchmarks on low-likelihood, high-impact events to lower the costs to impact-focused funds on understanding nature- and climate-positive business outcomes. The public good nature of climate smart agriculture technologies should also be recognized with public finance funders shouldering more risk in investing directly in early-stage climate smart agricultural technology innovators.