Berliner Boersenzeitung - Fixing food could produce trillions in annual benefits: report

EUR -
AED 3.826681
AFN 70.961758
ALL 98.138602
AMD 405.652886
ANG 1.877182
AOA 951.190259
ARS 1045.840133
AUD 1.602814
AWG 1.877897
AZN 1.775245
BAM 1.955573
BBD 2.102956
BDT 124.465544
BGN 1.955633
BHD 0.392554
BIF 3076.642669
BMD 1.041829
BND 1.403837
BOB 7.197164
BRL 6.043693
BSD 1.041579
BTN 87.914489
BWP 14.229347
BYN 3.408604
BYR 20419.848375
BZD 2.099456
CAD 1.456529
CDF 2991.091432
CHF 0.930957
CLF 0.036923
CLP 1018.83097
CNY 7.54601
CNH 7.562783
COP 4573.368835
CRC 530.538382
CUC 1.041829
CUP 27.608468
CVE 110.252195
CZK 25.343745
DJF 185.478458
DKK 7.457729
DOP 62.772709
DZD 139.891631
EGP 51.726992
ERN 15.627435
ETB 127.508391
FJD 2.371151
FKP 0.822333
GBP 0.831435
GEL 2.855018
GGP 0.822333
GHS 16.456089
GIP 0.822333
GMD 73.970229
GNF 8977.957272
GTQ 8.040066
GYD 217.904692
HKD 8.109446
HNL 26.320943
HRK 7.431636
HTG 136.72412
HUF 411.522823
IDR 16610.452733
ILS 3.863061
IMP 0.822333
INR 87.968134
IQD 1364.44153
IRR 43834.955489
ISK 145.523076
JEP 0.822333
JMD 165.930728
JOD 0.738765
JPY 161.242873
KES 134.884334
KGS 90.122166
KHR 4193.512952
KMF 492.268155
KPW 937.645704
KRW 1463.259646
KWD 0.320727
KYD 0.867999
KZT 520.059599
LAK 22878.342838
LBP 93271.167197
LKR 303.144792
LRD 187.998165
LSL 18.795317
LTL 3.076251
LVL 0.630192
LYD 5.086409
MAD 10.478083
MDL 18.997794
MGA 4861.435378
MKD 61.522855
MMK 3383.819949
MNT 3540.134882
MOP 8.35093
MRU 41.443187
MUR 48.810083
MVR 16.10707
MWK 1806.090235
MXN 21.281613
MYR 4.654932
MZN 66.583684
NAD 18.795317
NGN 1767.675143
NIO 38.325549
NOK 11.531328
NPR 140.663663
NZD 1.78585
OMR 0.401144
PAB 1.041579
PEN 3.949541
PGK 4.193513
PHP 61.404399
PKR 289.239507
PLN 4.337676
PYG 8131.055634
QAR 3.798559
RON 4.978071
RSD 117.038068
RUB 108.671879
RWF 1421.834864
SAR 3.911473
SBD 8.734231
SCR 14.266343
SDG 626.663972
SEK 11.501974
SGD 1.402931
SHP 0.822333
SLE 23.68116
SLL 21846.638123
SOS 595.230868
SRD 36.978718
STD 21563.75683
SVC 9.113941
SYP 2617.626467
SZL 18.788818
THB 35.922648
TJS 11.092512
TMT 3.646401
TND 3.309016
TOP 2.440072
TRY 36.018972
TTD 7.074178
TWD 33.946439
TZS 2770.578216
UAH 43.089995
UGX 3848.553017
USD 1.041829
UYU 44.294855
UZS 13362.448044
VES 48.506662
VND 26482.251319
VUV 123.688032
WST 2.90836
XAF 655.880824
XAG 0.033274
XAU 0.000384
XCD 2.815595
XDR 0.792308
XOF 655.880824
XPF 119.331742
YER 260.379151
ZAR 18.862746
ZMK 9377.71492
ZMW 28.772658
ZWL 335.468513
  • RBGPF

    59.2400

    59.24

    +100%

  • BCC

    3.4200

    143.78

    +2.38%

  • SCS

    0.2300

    13.27

    +1.73%

  • GSK

    0.2600

    33.96

    +0.77%

  • RELX

    0.9900

    46.75

    +2.12%

  • CMSC

    0.0320

    24.672

    +0.13%

  • RIO

    -0.2200

    62.35

    -0.35%

  • BTI

    0.4000

    37.38

    +1.07%

  • JRI

    -0.0200

    13.21

    -0.15%

  • BCE

    0.0900

    26.77

    +0.34%

  • CMSD

    0.0150

    24.46

    +0.06%

  • NGG

    1.0296

    63.11

    +1.63%

  • AZN

    1.3700

    65.63

    +2.09%

  • BP

    0.2000

    29.72

    +0.67%

  • RYCEF

    -0.0100

    6.79

    -0.15%

  • VOD

    0.1323

    8.73

    +1.52%

Fixing food could produce trillions in annual benefits: report
Fixing food could produce trillions in annual benefits: report / Photo: Anatolii Stepanov - AFP/File

Fixing food could produce trillions in annual benefits: report

The ways food is produced and consumed across the world is racking up hidden costs in health impacts and environmental damage amounting to some 12 percent of world GDP a year, according to a new report Monday.

Text size:

In the research, a consortium of scientists and economists found that transforming food systems across the world could prevent 174 million premature deaths, help the world meet its climate goals, and provide economic benefits of $5 trillion to $10 trillion.

While intensive food production has helped to feed a global population that has doubled since the 1970s, the report found that this has come with a growing burden on people and the planet.

Poor diets lead to obesity or undernutrition and associated chronic illness, while polluting farming practices drive global warming and biodiversity loss, threatening potentially catastrophic climate impacts that would whiplash back on the world's ability to produce food.

"We have an amazing food system," said Vera Songwe, an economist with the Africa Growth Initiative at the Brookings Institution, and part of the Food System Economics Commission (FSEC), which produced the report.

"But it has done that with a lot of cost to the environment, to people's health, and to the future and to our economics," she said.

Researchers estimated total underappreciated costs from food systems of up to $15 trillion a year. That includes around $11 trillion each year from the loss in productivity caused by food-linked illnesses like diabetes, hypertension and cancer.

Environmental costs are estimated at $3 trillion from current agricultural land use and food production methods, which scientists say account for a third of planet-heating greenhouse gas emissions.

- 'Dramatic' costs -

The authors also compared computer modelling of the consequences by 2050 of continuing current trends and of a hypothetical food system transformation.

They said that on the current pathway, food systems alone will push global warming above the Paris Deal's more ambitious threshold of 1.5 degrees Celsius since preindustrial times.

Heating could reach a catastrophic 2.7C by 2100, they said, while food production would be increasingly battered by climate change.

Obesity would also increase globally by 70 percent, they said, while around 640 million people would still be underweight.

Imagining a better system, the report's authors said more effective policies could improve diets, drastically reducing diet-related deaths due to chronic diseases, while transforming food systems into a source of carbon storage by 2040, helping the world stay within its climate goals.

But the report, which comes as farmers across parts of Europe stage protests over a variety of grievances including incomes and environmental regulations, acknowledged that change would be challenging.

The authors urged policymakers to compensate those left behind by a shift to a more sustainable system, noting that promoting healthier diets would have different priorities and focus in different parts of the world.

The authors policymakers to work to compensate those left behind by changes.

The report comes after the UN's Food and Agriculture Organization released research in November estimating that the hidden costs of food systems across the world were around $10 trillion a year, or nearly 10 percent of GDP.

Johan Rockstrom, of the Potsdam Institute for Climate Impact Research and the FSEC, said the fact that both groups had come up with a "very dramatic number", exceeding $10 trillion, was reason to have confidence in the findings.

But he warned that the future projections were "conservative" because even if the world manages to transition away from fossil fuels, the food system can push the world above 1.5C on its own.

"(That) likely means irreversible changes to major life support systems on Earth, which means that the price tag correlated to the food system would accelerate very rapidly for hidden costs that are not included in these analyses," he said.

(Y.Yildiz--BBZ)