Monday 19 August 2019

Livestock to raise carbon footprint by 5pc: Barclays

LONDON, February 12, 2019

Livestock, specifically cattle, emit a total of 4.7 gigatonnes of CO2 equivalents (CO2e) a year, or 9 per cent of all human-induced emissions, said Barclays in a new report, highlighting that agriculture is often overlooked when it comes to greenhouse gas (GHG) emissions.

Burping cows are more damaging to the climate than all the cars on this planet: Population growth, increasing incomes and 'westernisation' of diets mean that demand for food and animal protein is only set to increase.

All else being equal, we estimate that over the next 30 years overall cattle-related pollution is set to increase today's methane emissions by over 15 per cent and the world's total carbon footprint by 5 per cent.

Any successful attempt to mitigate greenhouse gas emissions from cattle must be supported by all players in the value chain.

“We recognise the complexity and the scale of the livestock sector, and we think that in order to drive change there is a need for strategies that create both socio-economic and environmental value. We believe change requires support by all players in the value chain, despite their conflicting incentives and competition for the profit pool. Policy will need to play a key role, as will the consumer,” said Barclays in the report.

“In our view, the role of governments is to align the interests of the different players in the value chain. Governments have to create and enforce adoption of a systematic framework of measurement for emissions from livestock, aligned with international standards.”

Feed ingredient companies like DSM, food producers like TSN and JBS and restaurant chains like MCD, SBUX and YUM! play a critical role in delivering solutions and advocating consumers' concerns: DSM stands to benefit from efforts by the agricultural sector to reduce GHG emissions.

Its Clean Cow methane inhibitor can be a $1-billion-plus blockbuster on our estimates, while large food producers and restaurant chains, given their bargaining power, can be powerful brokers to employ better feeding practices. This offers upside as they may benefit from better pricing and growing demand for green products. – TradeArabia News Service


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