In a letter to the UN FAO, coordinated by the FAIRR Initiative, major companies ask for a central roadmap with key milestones that #investors can use to align portfolios to address #climate and nature risks. To compare, the International Energy Agency (IEA) recently made a major impact on the worldwide #energy sector in a similar Net Zero Roadmap.
Even if fossil fuels were eliminated immediately, #food systems alone would make it impossible to keep global warming to 1.5˚C. All modelled pathways assessed by the IPCC that limit warming to 1.5ºC or well below 2°C require land-based mitigation and land-use change.
Currently, food systems account for around a third of global #ghgemissions. #Agriculture is the main threat to 86% of species at risk of extinction, whilst around three-quarters of the deforestation in the Amazon between 1978-2020 was caused by cattle ranching.
Therefore, the investors ” (…) urge the #FAO to produce a global roadmap to #2050 that mitigates these risks and sets a standard for the industry. It is crucial that this roadmap aligns with the #Paris Agreement’s goal of limiting global warming to 1.5˚C while ensuring the protection and restoration of nature, and achieving food and nutrition security goals.”
The FAO has yet to respond, but the letter is expected to form an important base for discussion on agriculture reform and #methane emissions rules during #COP27 in Egypt later this year.