Urgent Call for Investment in Agriculture and Food to Meet Paris Agreement Climate Goals

Higher cost of red meat and dairy, lower prices for chicken and vegetables – POLITICO

As countries prepare to update their climate plans in line with the goals of the Paris Agreement, the World Bank is urging officials to prioritize the agriculture and food industries. These sectors have historically been overlooked and underfunded, but they are crucial for accelerating emissions cuts to meet the agreement’s targets.

The World Bank has highlighted that annual investments of $260 billion are required to significantly reduce emissions by 2050, a target shared by many developed economies. Investing in these sectors is essential for meeting this goal and reducing our impact on the environment.

To bridge this investment gap, governments can redirect subsidies currently going towards red meat and dairy products towards more sustainable, lower-carbon alternatives. This shift would not only benefit the environment but also contribute to a more sustainable food system in the long term.

Julian Lampietti, the World Bank’s manager for global engagement in the bank’s agriculture and food global practice, emphasized that it is crucial to stop harming the planet as we fulfill our food needs. The message comes at a critical time as countries work towards limiting global warming to 1.5 degrees Celsius by 2025.

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