A new report from the UN Climate Change High-Level Champions finds some of the world's most valuable food and agriculture companies could lose up to 26% of their value by 2030, with permanent sector-wide losses equivalent to the 2008 financial crash.
When the Intergovernmental Panel on Climate Change in 2022 said that emissions need to be cut by half by 2030 to mitigate global heating, it stressed that a shift to diets high in plant protein and low in meat and dairy had the greatest potential to lower greenhouse gases.
After declining 6% in 2020 due to lockdowns associated with the COVID-19 pandemic, global CO 2 emissions from fossil fuel combustion rebounded in 2021 and are on course to be less than 1% below 2019 levels in 2022 before surpassing them in 2023.
The tit-for-tat weaponisation of economic linkages has generated a huge global energy shock that will aggravate deeper social and political crises in Europe and around the world as the year draws to a close.
From the droughts that have gripped the world this last year to the catastrophic floods in Pakistan, there is no longer any doubt that climate change is a material threat to communities and businesses around the world.