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Food production is also slated for big changes to reduce climate change
Investors to leverage $18 Trillion investment in food production to reduce 'climate-damaging emissions.' Why not squeeze people when prices are already through the roof? Note lack of specifics.
SHARM EL-SHEIKH, Egypt, Nov 10 (Reuters) - The U.N. food agency aims to launch a plan within the year to make the world's food system more sustainable, a senior executive told Reuters on the sidelines of the COP27 climate talks in Egypt.
The plan would show how the food industry and farming can align with the world's goal of capping global warming at 1.5 degrees Celsius, Food and Agriculture Organization Deputy Director Zitouni Ould-Dada said.
The hope is that such a plan would act in a similar way to the release of a report for the energy sector by the International Energy Agency, which spurred investment into companies, projects and technologies aligned with the plan.
"It's much needed because for the energy sector there are clear roadmaps which really attracted a lot of investors... but for agriculture we don't have such a map," Ould-Dada said.
More than forty investors managing a combined $18 trillion urged the FAO in June to create a plan to curb emissions in the sector, often overlooked in global warming debates yet one of the biggest sources of climate-damaging emissions.
As Russia's invasion of Ukraine has driven a surge in food prices globally, compounding the food insecurity caused by climate change, delegates at the conference were more open to discussing the issue, Ould-Dada said.
"There has never been this much attention to food and agriculture anytime before. This COP is definitely the one."