UN Climate Threat: “Top farming and food firms could lose up to a quarter of their value by 2030 if they do not adapt”
10 hours ago Eric Worrall 38 Comments
Essay by Eric Worrall
According to the United Nations “Race to Zero” campaign, net zero policies will make food production companies uninvestable, unless they follow net zero food rules.
Farm and food investors face $150 billion loss on climate change, report says
By Ross Kerber
Sept 20 (Reuters) – Top farming and food firms could lose up to a quarter of their value by 2030 if they do not adapt to new government policies and consumer behavior tied to climate change, United Nations-affiliated campaigners said in a new report.
Research to be presented on Tuesday looked at how 40 big companies including agricultural producers and food retailers could fare under scenarios called key to reducing emissions, such as if governments impose carbon emssions prices or if consumers reduce their consumption of meat.
The study, seen by Reuters News, found the companies’ value would decline by an average of around 7% by 2030, equivalent to some $150 billion in investor losses, if they did not adopt new practices.
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“The reality is stark: Nature risk is fast becoming an integral factor to investment risk,” said Peter Harrison, chief executive of Schroders Plc, in a statement sent by a Race to Zero representative.
https://wattsupwiththat.com/2022/09/26/un-climate-threat-top-farming-and-food-firms-could-lose-up-to-a-quarter-of-their-value-by-2030-if-they-do-not-adapt/
