World Bank released ‘Recipe for a Livable Planet: Achieving Net Zero Emissions in the Agrifood System’ report | Current Affairs | Vision IAS
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    World Bank released ‘Recipe for a Livable Planet: Achieving Net Zero Emissions in the Agrifood System’ report

    Posted 08 May 2024

    2 min read

    About Report

    • Report provides first comprehensive global roadmap for mitigating the agrifood system’s contributions to climate change. 
      • Agri-food system encompasses the entire journey of food from farm to table (i.e., from cultivation, harvesting, processing, packaging, etc. to preparation, consumption, and disposal).
      • It also encompasses non-food products (for example forestry, animal rearing, use of feedstock, etc.)

    Key findings

    • Emissions: Agrifood generates almost a 1/3rd of global greenhouse gas emissions.
    • Top Emitters: 3/4th of agrifood emissions come from developing countries and China, Brazil, and India are the top 3 emitters. 
      • In India, 60% of such emissions come from the farm gate, mainly due to enteric fermentation in the livestock sector
    • Suboptimal climate financing: Despite an overall doubling of climate financing (at $660 billion) over the last decade, project-level financing for agrifood systems stands at only 4.3% (at $28 bn).
      • Annual investments must increase to $260 billion a year to halve agrifood emissions by 2030 and reach Net Zero emissions by 2050.
    • Greatest mitigation potential: It lies in carbon sequestration in agriculture which includes measures to reduce enteric fermentation, increase synthetic fertilizer efficiency, and manage water resources in rice cultivation
    • Tags :
    • Climate change
    • Agrifood System
    • GHG emissions
    • Net Zero emissions
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