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date: 26 June 2022

Abstract and Keywords

Complementarities between improving agricultural production, adapting to climate change, and reducing poverty are likely to increase with climate change. Thus, the worse you believe the effects of climate change will be, the more valuable it will be to invest in sustainable agriculture and poverty reduction. Agriculture will better support climate goals to the extent that externalities are internalized by market participants through a set of policies termed full-costing. Even though global full-costing may be out of reach for technical, practical, and political reasons, this chapter illustrates that numerous options exist to bring agricultural policies closer to socially optimal values.

Keywords: sustainability, climate change, agricultural production, poverty, full-costing, political economy

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