Comment: Businesses must collaborate with farmers to mitigate half of food system emissions by 2030 [Reuters]
NESTLE S.A S/ADR (NSRGY)
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Source: Reuters
April 30 - With a third of all greenhouse gas emissions derived from the global food system, and agricultural land use being the largest driver of biodiversity loss and freshwater use, sustainable investment in the agriculture and food sector has the potential to deliver unprecedented impact as we look to secure a sustainable future. The private sector is uniquely positioned to drive this transition. the World Business Council for Sustainable Development (WBCSD), the Food and Land Use Coalition (FOLU) and We Mean Business Coalition (WMB) shows that by reducing emissions from agriculture, protecting nature, increasing on-farm carbon capture and storage, and shifting demand from emissions-intensive commodities, the food and agriculture sector can mitigate up to as much as 9 gigatonnes of carbon dioxide equivalent (GtCO2e) annually. That would amount to almost half of food system emissions globally by 2030. While this necessary transition will incur costs – $205 billion per year bet
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