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

EUR -
AED 4.243163
AFN 76.836825
ALL 93.168392
AMD 422.683441
AOA 1059.490664
ARS 1731.895657
AUD 1.635936
AWG 2.081143
AZN 1.964472
BAM 1.956127
BBD 2.327789
BDT 142.803865
BHD 0.435867
BIF 3452.176908
BMD 1.155388
BND 1.478954
BOB 13.753358
BRL 5.87804
BSD 1.155693
BTN 110.085873
BWP 15.570074
BYN 3.435989
BYR 22645.606405
BZD 2.324398
CAD 1.610755
CDF 2614.066317
CHF 0.933808
CLF 0.026824
CLP 1055.723909
CNY 7.7961
CNH 7.793635
COP 3642.60356
CRC 524.689954
CUC 1.155388
CUP 30.617784
CVE 110.283907
CZK 24.250092
DJF 205.808847
DKK 7.47569
DOP 67.38126
DZD 153.592261
EGP 57.747336
ERN 17.330821
ETB 186.880539
FJD 2.553243
FKP 0.857011
GBP 0.85579
GEL 3.016025
GGP 0.857011
GHS 13.568326
GIP 0.857011
GMD 84.917311
GNF 10149.74009
GTQ 8.818397
GYD 242.045687
HKD 9.064453
HNL 30.979177
HRK 7.536369
HTG 151.115254
HUF 363.604111
IDR 20498.202116
ILS 3.466245
IMP 0.857011
INR 110.109235
IQD 1514.05302
IRR 1589294.076063
ISK 142.216689
JEP 0.857011
JMD 183.540672
JOD 0.819128
JPY 183.187355
KES 149.507516
KGS 101.038588
KHR 4685.803343
KMF 492.195074
KRW 1637.520047
KWD 0.3569
KYD 0.963165
KZT 538.813048
LAK 26101.474886
LBP 103496.143572
LKR 387.344731
LRD 208.609375
LSL 18.700163
LTL 3.411561
LVL 0.698883
LYD 7.365231
MAD 10.777548
MDL 20.086965
MGA 4949.848611
MKD 61.530283
MMK 2425.794575
MNT 4152.757665
MOP 9.339844
MRU 46.355747
MUR 54.303359
MVR 17.850882
MWK 2004.078274
MXN 19.818137
MYR 4.726342
MZN 73.835072
NAD 18.700163
NGN 1573.280637
NIO 42.527107
NOK 10.987336
NPR 176.136435
NZD 1.961554
OMR 0.444245
PAB 1.155698
PEN 3.903852
PGK 5.109876
PHP 70.211802
PKR 320.85972
PLN 4.299164
PYG 6879.149604
QAR 4.213104
RON 5.244535
RSD 117.352589
RUB 95.451742
RWF 1697.791072
SAR 4.326647
SBD 9.319009
SCR 17.004638
SDG 693.805905
SEK 10.965222
SGD 1.478256
SLE 28.420632
SOS 660.501804
SRD 43.750504
STD 23914.200576
STN 24.504095
SVC 10.112734
SZL 18.697125
THB 38.145135
TJS 10.673415
TMT 4.055412
TND 3.387866
TRY 55.125778
TTD 7.839344
TWD 37.238734
TZS 3058.893435
UAH 51.843388
UGX 4304.71938
USD 1.155388
UYU 46.557982
UZS 13790.304557
VES 873.198868
VND 30219.175282
VUV 137.91453
WST 3.158504
XAF 656.069478
XAG 0.018024
XAU 0.000266
XCD 3.122494
XCG 2.082948
XDR 0.815502
XOF 656.069478
XPF 119.331742
YER 275.449418
ZAR 18.687033
ZMK 10399.872862
ZMW 21.617706
ZWL 372.034491
  • RYCEF

    0.3800

    21

    +1.81%

  • CMSC

    -0.2037

    21.5401

    -0.95%

  • RIO

    0.4000

    101.5

    +0.39%

  • RELX

    -0.0550

    35.465

    -0.16%

  • VOD

    -0.4100

    15.78

    -2.6%

  • NGG

    -1.2450

    79.635

    -1.56%

  • GSK

    -1.0900

    51.87

    -2.1%

  • RBGPF

    0.8600

    70.6

    +1.22%

  • BTI

    -1.8600

    57.47

    -3.24%

  • AZN

    0.2600

    161.68

    +0.16%

  • BCE

    -0.2100

    22.54

    -0.93%

  • JRI

    -0.0320

    12.778

    -0.25%

  • BP

    0.9200

    42.55

    +2.16%

  • BCC

    -1.6600

    84.94

    -1.95%

  • CMSD

    -0.1000

    21.72

    -0.46%

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)