05 July 2012 - Private sector-led agribusiness brings with it opportunities but also dangers.
The G8 summit last May ended with a pledge to end hunger in Africa and a plan to inject $3 billion into African agriculture with the aim of “catalysing private sector investment in African agriculture”. This record investment, derived entirely from the private sector, appears to stem from a realisation that previous aid commitments have failed, as well as perhaps an assessment of government priorities in an environment of Western austerity.
The G8’s position represents a significant leap of faith in market-friendly agriculture four years after the 2008 global food crisis when increasing food prices led to unrest in a number of developing countries. For its alleged ability to promote business opportunities in low income markets, offer inputs and links to markets for small-scale producers, agribusiness was recently elevated by the International Fund for Agriculture and Development as a key driver of hunger reduction. The primary objective of the G8’s New Alliance for Food Security and Nutrition is a shared commitment to increase investment into African agriculture, luring investors to Africa’s food markets on the premise of favourable returns and low tax rates. It will initially be launched in Ethiopia, Ghana, and Tanzania.
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As hundreds of decision-makers are gathering in Marrakech to agree new standards for global migration, the United Nations climate change conference ‘COP24’ is looking at concrete ways to help countries tackle large-scale displacement caused by the impacts of climate change, including water scarcity, flooding, storms and rising sea levels.
Nigeria’s central Middle Belt region is home to a diverse cultural population of semi-nomadic cattle herders and farming communities. For decades, the region has experienced increasingly violent attacks that have been partially attributed to direct competition over access and use of natural resources.
COP24 starts today, the IPCC has published new scientific evidence on the devastating impacts of climate change, the probability that those changes will be manageable are decreasing, and, once again, there is a stalemate in international climate negotiations. Time is running out fast - or more appropriately, as UNFCCC Executive Secretary Espinosa stressed, time is a luxury we no longer have. So, actually the question is how soon is now?
COP24 might be in Katowice, but for the rest of the world it’s on Twitter. Navigating through this sea of news and expert profiles is not the easiest task, however. With this is mind, we’d like to share our favourite Twitter accounts with our followers so that you can be up-to-date throughout the event.