Economy
Sustainable Food Systems Could Yield $10 Trillion Annual Benefits
London: A groundbreaking economic study reveals that a shift to a sustainable global food system could yield annual benefits of up to $10 trillion, addressing human health and climate concerns.
The study exposes hidden environmental and medical costs in existing food systems, which contribute to a third of global greenhouse gas emissions, driving the planet towards a 2.7C temperature rise.
If current practices persist, the study predicts 640 million people underweight and a 70% rise in obesity by 2050.
The proposed transformation involves redirecting subsidies, investing in emission-cutting technologies, and addressing food insecurity, potentially preventing 174 million premature deaths and benefiting 400 million farm workers by 2050.
The Food System Economics Commission, involving the Potsdam Institute, Food and Land Use Coalition, and EAT, estimates hidden food costs at $15 trillion, urging a comprehensive shift in global food systems.
The suggested changes aim to limit global heating, reduce nitrogen run-offs, and mitigate the impact on biodiversity.
Despite acknowledging challenges, the study emphasizes the transformative potential, echoing the significance of landmark assessments like the Stern review.
-
Banking & Finance1 month agoOman Oil Marketing Company Concludes Its Annual Health, Safety, Environment, and Quality Week, Reaffirming People and Safety as a Top Priority
-
News2 months agoOIG Appoints New CEO to Lead Its Next Chapter of Excellence
-
News2 months agoReport: How India & The Middle East Are Exploiting Immense Economic Synergies
-
Uncategorized2 months agoOman’s ISWK Cambridge Learners Achieve ‘Top in the World’ and National Honours in June 2025 Cambridge Series
-
Trade2 months agoConsulate Office of the Republic of South Africa opens in Muscat, enhancing bilateral relations
-
Economy1 month agoPrime Minister of India Narendra Modi to Visit the Sultanate of Oman on 17-18 December
-
News1 month agoJamal Ahmed Al Harthy Honoured as ‘Pioneer in Youth Empowerment through Education and Sport’ at CSR Summit & Awards 2025
-
News2 months agoIHE Launches Eicher Pro League of Trucks & Buses in Oman
