Report: Financial Institutions Could Cut 60% of Global Food System Emissions by 2030
Financial think tank Planet Tracker announced a new "groundbreaking" Roadmap for Financial Institutions (FIs), as it calls for the urgent transformation of global food systems, which could cut global emissions by 20% and deliver more than $1.5 trillion in economic benefits.
Planet Tracker’s new report "Financial Markets Roadmap for Transforming the Global Food System" captures data from 400,000 companies across 160 countries in land use and aquaculture, including such companies as Nestlé, McDonalds and Walmart. The company claims the estimated annual global investment to achieve "world-altering results" is just $300-350 billion—equivalent to 4% of the $8.6 trillion of current investment, according to the report.