Here’s why investment by G20 economies in nature-based solutions needs to double by mid-century to help prevent an environmental crisis.
Regen10 to work with over 500 million farmers to scale regenerative food production by 2030
On November 2 at COP26, the World Business Council for Sustainable Development (WBCSD) and 12 partners announced Regen10, an ambitious collective action plan to scale regenerative food production systems, worldwide, in a decade.
The initiative, with farmers at its heart, will work with over 500 million farmers to apply regenerative production methods and transform agricultural systems, as well as ensure roughly USD $60 billion per year is deployed to finance the transition. By 2030, it is hoped that over 50% of the world’s food can be produced in a way that drives positive outcomes for people, for nature, and for climate.
Regen10 will drive alignment and convergence of existing food and farming sector initiatives, and scale-up collective action, by bringing together farmers, along with businesses, investors, NGOs, and policymakers to accelerate system change. Through its interventions, Regen10 will play a key role in strengthening the agriculture and food systems’ contributions to the Paris Agreement, while halting and reversing nature loss, building resilience, and enabling farmers to earn decent incomes for the vital role they play as stewards of the land.
Diane Holdorf, Executive Vice President, WBCSD said: “Regen10 is designed to accelerate three critical interventions needed to scale a regenerative food system in a decade: give farmers a leading role, create alignment around definitions and metrics, and design and deliver pathways to regenerative food systems by redesigning the value chains for the highest impact food products in key regions and landscapes. WBCSD is excited to support alignment and implementation of standards, innovations and investments, together with its partners and members, that will maximize Regen10’s global impact.”
Regen10 will drive action in three areas that together can unlock system tipping points by 2025 and enable widespread scaling of regenerative systems by 2030.
- Enable a global farmer community. Supporting and enabling a global community of farmer leaders and farming organizations to shape the transition, working closely with this community to design policy, finance and enabling interventions that work for farmers, ensuring they are able to confidently, and profitably, scale regenerative production methods.
- Establish harmonized definitions, outcomes, and metrics. Driving convergence and alignment on definitions, outcomes, metrics, and farm level data to unlock transformative policy and finance, to establish the measurement backbone for accelerated transition and to lay the foundation for a new farm economic model.
- Develop and enable pathways to regenerative food systems. Work in partnership with a wide number of organizations to catalyze and facilitate the redesign of value chains for high impact food products in key growing regions; Establish economic transition pathways and proof points of regenerative systems in multiple landscapes, from which we can draw inspiration and learning as we scale.
In the next six months, Regen10 will mobilize the global farmer community and engage stakeholders across the food system to design a first wave of interventions that will be delivered by UNFCCC COP27. By 2030, Regen10 aims to have played a catalytic role in enabling:
- Over 50% of world’s food to be produced in a way that drives regenerative outcomes
- Over 50% of the world’s agricultural land to be farmed in a way that reverses nature loss and supports decarbonization in line with the Paris Climate Agreement the Paris Climate Agreement
- Over 500 million farmers to apply regenerative production methods, receiving a fair income for the yields they deliver, and
- Over USD $60 billion per year to be deployed to finance the transition
Paul Polman, Co-Chair, Food and Land Use Coalition; Founder, IMAGINE said: “It is not possible to keep 1.5 alive, halt and reverse nature loss, or deliver the Global Goals, unless we act now to radically transform food production systems. Regenerative food systems hold the key. Farmers already have the solution, many of them have been doing it for years. What makes Regen10 so powerful is that it puts farmers at the centre of the transition, and brings together stakeholders, from across the system, to enable them.”
Initiative partners include: Club of Rome, Eastern Africa Farmers Federation, Food & Land Use Coalition, Future Stewards, International Union for the Conservation of Nature (IUCN), IMAGINE, OP2B, Sustainable Food Trust (Global Farm Metric), SYSTEMIQ, WBCSD, We Mean Business Coalition, World Bank Group, World Farmers’ Organisation. Further organizations and companies have expressed their support for the initiative and will be involved in delivering its 2030 ambition.
For further information on how you or your organization can get involved please contact: Regen10@folucoalition.com
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