A coalition of food and finance institutions say that US$113 billion of currently existing assets will have to meet specific and time-bound targets in areas such as zero deforestation and carbon removal. The new initiative claims to offer “first-of-their-kind” credible targets for investment in a sustainable food system which are time-bound and specific.
The new initiative focuses on the converging food and climate crises and claims to do more than previously set goals to transform global food production systems into sustainable models.
Interestingly, its launch comes as a report by the Changing Market Foundation has found the EU will widely miss its 30% methane reduction target by 2030.
With an expected methane emissions reduction of 3.7%, the EU would have to multiply by eight its efforts toward methane reduction to comply with its target made under the Global Methane Pledge and the European Green Deal.
The Global Methane Pledge was launched in November 2021, with over 100 countries joining the effort.
Read the full article at: www.foodingredientsfirst.com
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