Publication: Sustainable Rice Market Insights: A Preliminary Survey - Introduction to the Market and Financing Opportunities
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2024-11-21
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2024-11-21
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Rice is increasingly significant in the World Bank Group’s (WBG) Climate Change Action Plan (2021–2025), focusing on climate-smart rice-farming systems and value chains. At COP28 in 2023, the World Bank launched the Global Methane Reduction Platform for Development (CH4D platform) to help low- and middle-income countries achieve the "methane triple wins" of reducing emissions, enhancing resilience, and empowering livelihoods. The International Finance Corporation (IFC) collaborates with private sector clients in Southeast and South Asia to promote sustainable rice cultivation, helping smallholders adopt low-carbon, water-efficient methods. Additionally, the IFC has contributed to the Sustainable Rice Platform (SRP), which sets standards for sustainable rice. This report provides context on sustainable rice to guide potential investment opportunities and advisory services for companies in the rice supply chain, benchmarking the SRP Standards System against the IFC Performance Standards, exploring trade finance opportunities, and proposing milestones for sustainability-linked finance.
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“International Finance Corporation. 2024. Sustainable Rice Market Insights: A Preliminary Survey - Introduction to the Market and Financing Opportunities. © World Bank. http://hdl.handle.net/10986/42448 License: CC BY-NC 3.0 IGO.”
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