Red meat and dairy products could become up to 60% more expensive. The World Bank’s new plan to reduce pollution
Red meat and dairy products should be more expensive, while chicken, vegetables and fruits should be cheaper! This is the essence of the World Bank's new plan to reduce carbon emissions in the agri-food system.
Revising the subsidy system could result in shelf prices increasing by up to 60 percent for certain products.
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According to the new report published by the international financial institution, the World Bank proposes reducing subsidies for red meat producers, who are considered major polluters, and reallocating funds to producers of fruits, vegetables and poultry, which are deemed more environmentally friendly.
The food system is responsible for one-third of global greenhouse gas emissions.
According to the report, countries should allocate $260 billion annually to less polluting alternatives, which is 18 times more than the current amount.
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