How climate change is accelerating the global food crisisAs the CEO of the world’s largest sovereign wealth fund, Norway’s $1.3 trillion oil...
Published on by Water Network Research, Official research team of The Water Network
As the CEO of the world’s largest sovereign wealth fund, Norway’s $1.3 trillion oil fund, Nicolai Tangen recently noted in an FT interview that climate change is fueling stubborn inflation. And Tangen expects it to worsen in the future.
Global agri-commodities prices have skyrocketed worldwide, however, the true costs aren’t distributed evenly — those in low-income and developing countries have been hit the hardest and are suffering the most. As inflation, supply chain disruptions and Russia's invasion of Ukraine war put pressure on the often unseen mechanisms powering the global food system, governments and international organizations must step up and protect the 193 million food-insecure people around the world.
Growing up in India in a low-income multigenerational family of 13, I saw first-hand how global market shifts like these determine whether or not food makes it to the table. Our family bought 2.5 litres of milk a day, and when the price would rise from 12 rupees ($0.15) to 14 rupees, my grandmother would add water to make it last longer because we could not afford to spend more.
Attached link
https://www.weforum.org/agenda/2023/07/climate-change-is-accelerating-the-global-food-crisis-we-must-act-now-to-protect-the-most-vulnerableTaxonomy
- Climate Change
- Climate Risk
- Climate
- Climate Change & Sustainibility
- Climate Change