Dubai Telegraph - Fixing food could produce trillions in annual benefits: report

EUR -
AED 4.296525
AFN 74.874664
ALL 95.983925
AMD 433.927327
ANG 2.09402
AOA 1073.986263
ARS 1629.105392
AUD 1.629005
AWG 2.105854
AZN 1.991712
BAM 1.955473
BBD 2.356632
BDT 143.595337
BGN 1.951544
BHD 0.442226
BIF 3496.56957
BMD 1.169919
BND 1.49265
BOB 8.115641
BRL 5.809352
BSD 1.170069
BTN 111.224372
BWP 15.88334
BYN 3.309646
BYR 22930.413655
BZD 2.353706
CAD 1.592827
CDF 2714.212348
CHF 0.917357
CLF 0.026787
CLP 1054.261312
CNY 7.988499
CNH 7.98712
COP 4278.686497
CRC 532.008626
CUC 1.169919
CUP 31.002855
CVE 110.246536
CZK 24.392052
DJF 208.405097
DKK 7.472384
DOP 69.594365
DZD 155.030644
EGP 62.64893
ERN 17.548786
ETB 182.743994
FJD 2.570193
FKP 0.86132
GBP 0.863675
GEL 3.135592
GGP 0.86132
GHS 13.101806
GIP 0.86132
GMD 85.403651
GNF 10269.236238
GTQ 8.942706
GYD 244.809
HKD 9.164087
HNL 31.104543
HRK 7.536735
HTG 153.133594
HUF 363.328314
IDR 20367.120986
ILS 3.464602
IMP 0.86132
INR 111.326749
IQD 1532.835385
IRR 1537273.650606
ISK 143.864961
JEP 0.86132
JMD 184.339127
JOD 0.829443
JPY 183.836985
KES 151.142186
KGS 102.274909
KHR 4694.213821
KMF 491.365838
KPW 1052.927155
KRW 1722.144058
KWD 0.36044
KYD 0.975237
KZT 542.81909
LAK 25712.693684
LBP 104801.847973
LKR 373.914181
LRD 214.754033
LSL 19.570191
LTL 3.454467
LVL 0.707673
LYD 7.409727
MAD 10.815289
MDL 20.146626
MGA 4875.183513
MKD 61.638112
MMK 2456.537262
MNT 4184.420886
MOP 9.442119
MRU 46.765968
MUR 54.705322
MVR 18.08107
MWK 2029.360126
MXN 20.46323
MYR 4.624737
MZN 74.758461
NAD 19.574122
NGN 1608.90779
NIO 43.054141
NOK 10.82684
NPR 177.956914
NZD 1.987546
OMR 0.449841
PAB 1.170304
PEN 4.104088
PGK 5.089148
PHP 72.211499
PKR 326.072492
PLN 4.256522
PYG 7274.781632
QAR 4.265767
RON 5.198072
RSD 117.406093
RUB 88.385862
RWF 1711.113426
SAR 4.389765
SBD 9.408618
SCR 16.211749
SDG 702.533879
SEK 10.834363
SGD 1.492653
SHP 0.873463
SLE 28.782244
SLL 24532.613328
SOS 668.779419
SRD 43.822825
STD 24214.962568
STN 24.490979
SVC 10.240241
SYP 129.305286
SZL 19.569722
THB 38.17508
TJS 10.954165
TMT 4.100566
TND 3.40513
TOP 2.816885
TRY 52.881418
TTD 7.948669
TWD 37.013835
TZS 3038.869425
UAH 51.564764
UGX 4391.382448
USD 1.169919
UYU 47.132106
UZS 14040.648497
VES 572.02345
VND 30815.083187
VUV 138.961562
WST 3.176551
XAF 655.84716
XAG 0.015893
XAU 0.000256
XCD 3.161765
XCG 2.109247
XDR 0.813831
XOF 655.84716
XPF 119.331742
YER 279.148142
ZAR 19.567423
ZMK 10530.689331
ZMW 21.91433
ZWL 376.713461
  • BTI

    0.2000

    58.91

    +0.34%

  • CMSD

    0.0000

    23.28

    0%

  • NGG

    -0.4000

    88.08

    -0.45%

  • CMSC

    0.0300

    22.91

    +0.13%

  • RYCEF

    0.5500

    16.35

    +3.36%

  • BP

    -0.1650

    46.245

    -0.36%

  • BCC

    -2.1200

    76.01

    -2.79%

  • GSK

    -0.6150

    50.995

    -1.21%

  • AZN

    0.1900

    184.93

    +0.1%

  • VOD

    -0.2200

    15.93

    -1.38%

  • BCE

    -0.1250

    23.835

    -0.52%

  • JRI

    0.0000

    12.98

    0%

  • RELX

    0.3950

    36.745

    +1.07%

  • RBGPF

    0.5000

    63.1

    +0.79%

  • RIO

    -0.8800

    99.7

    -0.88%

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.

R.Mehmood--DT