cid c74efc5458c0534bee263bbd66d990d11ae0eefd2e59a45ec923e0698cb90b47 · original · open access · via openalex
Title: Climate-Smart Agricultural Finance (CSAF): A model for sustainable investments in agriculture Authors: Oluwatosin Omotola Ajayi; Adekunle Stephen Toromade; Ayeni Olagoke Venue: World Journal of Advanced Research and Reviews Year: 2024 Canonical: doi:10.30574/wjarr.2024.24.2.3291 URL: https://doi.org/10.30574/wjarr.2024.24.2.3291 Collector: openalex OA: true ABSTRACT Climate-Smart Agricultural Finance (CSAF) integrates environmental risk assessments into agricultural lending models to promote sustainability and climate resilience. This paper explores the significance of CSAF in mitigating climate-related risks, improving farm productivity, and enhancing long-term economic stability for both farmers and investors. It outlines the mechanisms through which CSAF promotes sustainable agriculture, such as the use of green bonds, sustainability-linked loans, and carbon credit financing. Additionally, it analyzes the benefits of CSAF, including improved climate resilience, risk mitigation, and financial returns for investors. The paper concludes with recommendations for improving CSAF models, emphasizing financial inclusion, enhanced data collection, and public-private partnerships to promote wider adoption. CSAF offers a promising path toward building a more sustainable and resilient agricultural sector in the face of climate change.