Ambitious climate policies cannot prevent 3-fold consumer price rise in poor nations by 2050
5 days ago

Ambitious climate policies cannot prevent 3-fold consumer price rise in poor nations by 2050

Hindustan Times  

Even under ambitious climate policies, lower-income countries would see consumer food prices rise 2.45 times by 2050 while producer prices would rise 3.3 times, a study has found. Consumer food prices in richer countries would be 1.25 times higher with climate policies, even if producer prices are 2.73 times higher by 2050, the researchers found. In contrast, lower-income countries would see consumer food prices rise by a factor of 2.45 under ambitious climate policies by 2050 while producer prices would rise by a factor of 3.3, they found. "Even under very ambitious climate policies with strong greenhouse gas pricing on farming activities the impact on consumer prices by 2050 would be far smaller in wealthier countries," said author and PIK scientist Benjamin Bodirsky.

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History of this topic

Economic Survey 2023-24: Extreme weather and crop damage led to hike in food prices; suggests removing food from price index
5 months, 2 weeks ago

Economic Survey 2023-24: Extreme weather and crop damage led to hike in food prices; suggests removing food from price index

The Hindu  

Extreme weather, lower reservoir levels and crop damage have affected farm output and led to higher food prices over the past two years, the Economic Survey 2023-24 said on July 22. Removal of food from Inflation-targeting framework The Reserve Bank should stop looking at food inflation in deciding interest rates and the Government should explore giving coupons or direct cash …

Food inflation expected to rise due to climate change
9 months, 1 week ago

Food inflation expected to rise due to climate change

China Daily  

By JONATHAN POWELL in London | China Daily Global | Updated: 2024-03-28 09:08 A firefighter battles a wildfire in Mexico this week that is an example of the impact of climate change. Researchers at the Potsdam Institute for Climate Impact Research, or PIK, analyzed historical food prices across various food categories and countries globally, looking at the impact of climatic …

Higher temperatures mean higher food and other prices. A new study links climate shocks to inflation
9 months, 2 weeks ago

Higher temperatures mean higher food and other prices. A new study links climate shocks to inflation

LA Times  

Shoppers buy food in a supermarket in London on Aug. 17, 2022. Food prices and overall inflation will rise as temperatures climb with climate change, a new study by an environmental scientist and the European Central Bank found. Looking at monthly price tags of food and other goods, temperatures and other climate factors in 121 nations since 1996, researchers calculate …

Higher temperatures mean higher food and other prices. A new study links climate shocks to inflation
9 months, 2 weeks ago

Higher temperatures mean higher food and other prices. A new study links climate shocks to inflation

Associated Press  

Food prices and overall inflation will rise as temperatures climb with climate change, a new study by an environmental scientist and the European Central Bank found. Looking at monthly price tags of food and other goods, temperatures and other climate factors in 121 nations since 1996, researchers calculate that “weather and climate shocks” will cause the cost of food to …

Food prices are rising as countries limit exports. Blame climate change, El Nino and Russia’s war
1 year, 3 months ago

Food prices are rising as countries limit exports. Blame climate change, El Nino and Russia’s war

Associated Press  

How do you cook a meal when a staple ingredient is unaffordable? At Nairobi’s major food market, Wakulima, the prices for onions from Tanzania were the highest in seven years, seller Timothy Kinyua said. Tanzania’s onion limits this year are part of the “contagion” of food restrictions from countries spooked by supply shortages and increased demand for their produce, said …

Food prices are rising as countries limit exports. Blame climate change, El Nino and Russia's war
1 year, 3 months ago

Food prices are rising as countries limit exports. Blame climate change, El Nino and Russia's war

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. At Nairobi's major food market, Wakulima, the prices for …

Global food system emissions imperil Paris climate goals
1 year, 10 months ago

Global food system emissions imperil Paris climate goals

The Hindu  

The global food system's greenhouse gas emissions will add nearly one degree Celsius to Earth's surface temperatures by 2100 on current trends, obliterating Paris Agreement climate goals, scientists warned Monday. "Mitigating emissions from the food sector is essential to working toward a secure climate future," the study's lead author Catherine Ivanovich, a doctoral student at Columbia University in New York, …

Climate Change & Food Inflation: One-Third of the Food Americans Buy Is Wasted
2 years ago

Climate Change & Food Inflation: One-Third of the Food Americans Buy Is Wasted

The Quint  

About one-third of the food Americans buy is wasted, hurting the climate and consumers’ wallets Wasted food – and land, labor, chemicals, water and energy. Reducing wasted food could protect natural resources, save consumers money, reduce hunger and slow climate change. Developing meaningful interventions requires burrowing into the systems that make reducing food waste such a challenge for consumers, and …

Energy Prices Might Decline 11% In 2023 After Surge in 2022, Says World Bank Report
2 years, 2 months ago

Energy Prices Might Decline 11% In 2023 After Surge in 2022, Says World Bank Report

News 18  

Energy prices are projected to decline 11 per cent in 2023 after surging about 60 per cent in 2022, the World Bank said. It added that despite this moderation, energy prices next year will still be 75 per cent above their average over the past five years. Despite this moderation, energy prices next year will still be 75 per cent …

EU ‘wastes 153m tonnes of food a year’ amid soaring costs
2 years, 3 months ago

EU ‘wastes 153m tonnes of food a year’ amid soaring costs

The Independent  

The EU wastes more food than it imports, exacerbating the climate crisis and runaway food prices, a report has found. Researchers say the EU’s food waste accounts for at least 6 per cent of its total emissions and costs the EU more than €143 billion per year It also found that food loss and waste in the primary production, processing …

Food production to dip, hunger to rise in India due to climate change, says report
2 years, 7 months ago

Food production to dip, hunger to rise in India due to climate change, says report

The Hindu  

India’s food production could drop 16% and the number of those at risk for hunger could increase 23% by 2030 due to climate change, says a report by the International Food Policy Research Institute on climate change and food systems. These projections are part of a model that was used to evaluate the impact of climate change on aggregate food …

Food prices to remain high? How climate change, war are biting us badly
2 years, 7 months ago

Food prices to remain high? How climate change, war are biting us badly

India Today  

Food prices around the world, including in India, skyrocketed this year after Russia's invasion of Ukraine. Wheat prices hit a 14-year peak in March, and maize prices reached the highest ever recorded, the International Panel of Experts on Sustainable Food Systems said in a report released last week. RISK TO GLOBAL FOOD SECURITY Climate change, widespread poverty and conflicts are …

Food prices may ease next year as lockdowns are lifted
3 years, 6 months ago

Food prices may ease next year as lockdowns are lifted

Live Mint  

Consumers may get some respite from surging food prices in the coming years as demand growth slows and output rises, according to the Organisation for Economic Cooperation and Development and United Nations. But in the next couple of years, inflation-adjusted prices may ease before staying largely flat through 2030 as demand growth for grains and fish slows and farming supplies …

Governments can – and should – encourage people to cut down on meat
5 years, 3 months ago

Governments can – and should – encourage people to cut down on meat

The Independent  

“How about restaurants in 10 to 15 years start treating carnivores the same way that smokers are treated?” asked former UN official Christiana Figueres in a conference at the end of last year. He said: “The IPCC report shows that between 21 per cent and 37 per cent of all greenhouse gas emissions are attributable to the food system, with …

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