Food, not steel, poses our biggest climate challenge
By Adair Turner
Climate policy discussions often focus on who will pay the cost of achieving a zero-carbon economy, with a particular focus on industrial sectors such as steel and cement.
However, the overall costs are strikingly low and our biggest challenge lies in the food system, not industrial products.
The latest report by the UK’s Climate Change Committee, for example, shows that cutting UK greenhouse gas emissions to net zero by 2050 would reduce British GDP by only 0.5 percent.
The Energy Transitions Commission’s “Making Mission Possible” report estimates a similar total cost of 0.5 percent of global GDP to reduce emissions from the world’s energy, building, industrial and transport systems to zero by mid-century.
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Food, not steel, is our biggest climate challenge
Apr 01,2021 - Last updated at Apr 01,2021
LONDON – Climate-policy discussions often focus on who will pay the cost of achieving a zero-carbon economy, with a particular focus on industrial sectors such as steel and cement. But the overall costs are strikingly low, and our biggest challenge lies in the food system, not industrial products.
The latest report by the United Kingdom’s Climate Change Committee, for example, shows that cutting UK greenhouse-gas emissions to net zero by 2050 would reduce British GDP by only 0.5%. The Energy Transitions Commission’s “Making Mission Possible” report estimates a similar total cost of 0.5 per cent of global GDP to reduce emissions from the world’s energy, building, industrial, and transport systems to zero by mid-century.
Food, not steel, is our biggest climate challenge jordantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jordantimes.com Daily Mail and Mail on Sunday newspapers.