There is a large and growing literature on the potential use of rural financial instruments for stimulating the adoption of climate-smart land-use practices and systematically anchoring climate-smart agricultural production processes. Available studies focus on the functional properties of finance for funding short-term input purchases and supporting climate-smart farming systems. We advocate for more integrated approaches that also consider the indirect effects of finance on income and wealth and the derived expenditure effects for the intensification of farming systems. Financial instruments also might contribute to behavioural change and social learning among value-chain partners and thus enable them to invest in long-term solutions for sustainable agriculture. For effectively anchoring climate-smart adaptation processes, this more comprehensive (i.e., integrated and dynamic) approach offers promising perspectives.
|Title of host publication||The Climate-Smart Agriculture Papers|
|Subtitle of host publication||Investigating the Business of a Productive, Resilient and Low Emission Future|
|Editors||Todd S. Rosenstock, Andreea Nowak, Evan Girvetz|
|Publisher||Springer International Publishing|
|Publication status||Published - 28 Nov 2018|
Ruben, R., Wattel, C., & Van Asseldonk, M. (2018). Rural Finance to Support Climate Change Adaptation: Experiences, Lessons and Policy Perspectives. In T. S. Rosenstock, A. Nowak, & E. Girvetz (Eds.), The Climate-Smart Agriculture Papers: Investigating the Business of a Productive, Resilient and Low Emission Future (pp. 301-313). Springer International Publishing. https://doi.org/10.1007/978-3-319-92798-5_26