WEBVTT 1 00:00:00.450 --> 00:00:03.210 - Is there enough investment in food system transformation? 2 00:00:03.210 --> 00:00:04.560 - No, there isn't. 3 00:00:04.560 --> 00:00:06.300 Everybody pretty much agrees 4 00:00:06.300 --> 00:00:10.110 that there's vastly insufficient. 5 00:00:10.110 --> 00:00:14.670 Just to give a number, only 3% of public finance 6 00:00:14.670 --> 00:00:16.890 goes to food systems transformation, 7 00:00:16.890 --> 00:00:19.980 whereas food systems make out for 33% 8 00:00:19.980 --> 00:00:21.810 of greenhouse gas emissions. 9 00:00:21.810 --> 00:00:23.640 So clear there's a gap there, 10 00:00:23.640 --> 00:00:26.100 and there's also a gap in research and development. 11 00:00:26.100 --> 00:00:29.880 We need to develop new approaches that help us adapt 12 00:00:29.880 --> 00:00:31.320 and be resilience to climate. 13 00:00:31.320 --> 00:00:34.620 Of the $60 billion a year that go to research 14 00:00:34.620 --> 00:00:38.730 and development in agriculture, only 7% are actually 15 00:00:38.730 --> 00:00:41.550 aligning food and agriculture with climate. 16 00:00:41.550 --> 00:00:43.500 - It's very true in Africa and East Africa in particular. 17 00:00:43.500 --> 00:00:47.790 Only 5% of commercial credit goes into agriculture, 18 00:00:47.790 --> 00:00:50.640 but it's accountable for over 25% of GDP and jobs. 19 00:00:50.640 --> 00:00:52.200 So we must make sure that we are tapping 20 00:00:52.200 --> 00:00:53.250 into these commercial pools 21 00:00:53.250 --> 00:00:55.370 of capital to transform the system. 22 00:00:55.370 --> 00:00:58.037 (ambient music)