Almost 90% of the $540bn in global subsidies given to farmers every year are “harmful”, a startling UN report has found. This agricultural support damages people’s health, fuels the climate crisis, destroys nature and drives inequality by excluding smallholder farmers, many of whom are women, according to the UN agencies.
Land-use change related to agriculture accounts for over 70% of tropical deforestation and roughly 25% of all GHG emissions. A major driver of these impacts is the widespread failure on the part of governments to implement green fiscal policies, e.g. reform of harmful subsidies, worth an average of USD 705 billion annually between 2016 and 2018 in the sector.
The European Parliament’s agriculture committee approved a deal to overhaul the European Union’s huge farming subsidies, including new measures aimed at making agriculture greener.
Almost half a trillion dollars of support a year harms people’s health, the climate and drives inequality.
Taxpayer-funded farm subsidies have long been skewed in favor of the richest farmers and landowners. But under the Trump administration, even more money went to the largest and wealthiest farms, further shortchanging smaller, struggling family farms.
Southeast Asia’s economy is set to lose trillions over the next 50 years if it does not significantly reduce its carbon emissions, a Deloitte report found.
A new book argues that it’s not only possible to measure the human, social, and environmental impacts of food from production to consumption—it’s essential.
Emirates NBD is providing 2 billion Egyptian pounds (over $127.35 million) of financing for the construction of a new agricultural wastewater treatment plant in Upper Egypt. Called Al – Hamam, the facility will have a treatment capacity of 6 million m3 per day.
Under new subsidy plans announced by his department, farmers will be offered up to £70 per hectare to take up regenerative techniques, including mixed farming systems where crops are cultivated alongside livestock to help boost soil health.
Few countries in the region have tied green components to their stimulus packages, which contain some environmentally harmful measures. Green recovery policies and strategies can help put a country on the path to economic recovery while bringing environmental and sustainability benefits.