COP27: True Cost Accounting as a Tool for Food Systems Transformation under Climate Change Conditions
TCA is an innovative tool that provides a holistic understanding of the relationships between agriculture, food, climate change, biodiversity, and human well-being and provides a systemic approach to assess, measure, and value the positive and negative impacts of food systems interventions. TCA helps to better manage the complexity of today’s challenges and enables the identification of what needs to change in food systems to allow a nutritious, socially just, sustainable and climate-friendly diets for all.
The convergence of four crises: climate change; COVID-19; conflicts; and associated high food costs call for a "whole of system" response to reorient and transform agri-food systems towards more inclusive, sustainable and resilient pathways. Held as part of the first-ever food system day at a negotiating session of the UN Framework Convention on Climate Change (UNFCCC), this session will showcase the contribution of True Cost Accounting (TCA) approaches towards a more coordinated and holistic response to the climate and food crises.
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