Fri, July 19, 2024

How Is Climate Change Impacting Farm and Food?  

Climate Chance

Agri-food companies could lose up to 1/4 of their value by 2030 if they don’t adapt to new regulations and consumer trends related to climate change.

Research presented on Tuesday examined 40 large companies. The companies, including food retailers and agricultural producers, could fare under scenarios called “key to reducing emissions,” such as if people reduce their meat intake or if governments implement carbon emissions fees. According to the report, their value will decrease by an average of 7% in 2030 if these companies do not implement the new procedures.

Experts Anticipate a Change in The Market

According to the study, businesses in sectors like plant-based meat and forest restoration offer the same organizations considerable new opportunities. According to a campaign official, the study does not name individual firms and should not be interpreted as financial advice.

An initiative supported by the U.N. to combat climate change named Race to Zero is to release the statistics. Data from Vivid Economics, a division of the consulting company McKinsey & Co., was used by researchers. The study will be released during Climate Week, a series of activities connected to the assembly of world leaders in New York. Supporters claimed that the results demonstrate the significance of earlier demands for investors and businesses to stop deforestation linked to goods like cattle, palm oil, and soy.

By the decade’s end, more than 100 world leaders pledged to halt and reverse land degradation and deforestation. Peter Harrison, chief executive of Schroders (LON: SDR ) Plc, said in a statement provided by a Race to a Zero spokesperson that the facts are clear: natural risk is fast becoming a significant contributor to the investment risk factors.

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