EconomyLens.com
No Result
View All Result
Thursday, September 18, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

Fixing food could produce trillions in annual benefits: report

Emma Reilly by Emma Reilly
January 30, 2024
in Economy
Reading Time: 7 mins read
A A
0
19
SHARES
236
VIEWS
Share on FacebookShare on Twitter

Paris (AFP) – 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.

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.

Related

IMF proposes US Treasury official as second-in-command

Costs of Russian, Chinese cyberattacks on German firms on rise: report

Bank of England holds rate as inflation stays high

Canada central bank cuts key lending rate citing Trump tariffs

US Treasury official expected to be named IMF’s second-in-command: source

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.

Tags: environmental damagefood productionhealth impacts
Share8Tweet5Share1Pin2Send
Previous Post

Renault slams brakes on listing of Ampere EV division

Next Post

Sotheby’s sales drop in 2023 after record year

Emma Reilly

Emma Reilly

Related Posts

Economy

AI may boost global trade value by nearly 40%: WTO

September 17, 2025
Economy

EU says India’s Russian oil purchases, military drills hinder closer ties

September 17, 2025
Economy

US Fed set for first rate cut of 2025 as Trump pressure looms

September 17, 2025
Economy

Lower shipments to US, China weigh on Singapore August exports

September 17, 2025
Economy

US retail sales beat expectations in August despite tariffs

September 16, 2025
Economy

New round of US-China trade talks kicks off in Madrid

September 16, 2025
Next Post

Sotheby's sales drop in 2023 after record year

New post-Brexit customs checks spark UK border worries

Toyota sets new global record for annual vehicle sales

Toyota apologises for scandals as vehicle sales set new record

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

77

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

New Picasso portrait unveiled at Paris auction house

September 18, 2025

Costs of Russian, Chinese cyberattacks on German firms on rise: report

September 18, 2025

Stock markets rise after Nvidia’s Intel deal, Fed rate cut

September 18, 2025

Trump, Starmer sign tech deal to seal ‘unbreakable bond’

September 18, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.