A group of investors representing assets of approximately €1,7 trillion is calling on the European Commission to set sharper targets for climate and biodiversity in the new Common Agricultural Policy (CAP). They propose, among other things, to phase out direct support for dairy and veal farming.
Reuters reported this today (Monday, March 22), before the European Council of Agriculture Ministers meet later this day. Led by Legal & General Investment Management and the Chatham House think tank, the investors make 4 recommendations. One of these is phasing out direct support for products that cause relatively high greenhouse gas emissions, such as dairy cattle and beef cows.
According to the top investors, climate change policy should be more in line with the goal of zero greenhouse gas emissions by 2050. Financial support for agricultural entrepreneurs should be based on the costs associated with protecting the environment, says the group. Promoting production at the expense of the environment should be discouraged. The CAP funds should also be used, according to the investors, to support farmers who want to make the switch to more environmentally friendly activities.
To model without net emissions
“As long-term investors and stewards of our clients' wealth, we partner with the entire food chain in the transition to a zero-emissions model,” said Alexander Burr, ESG Policy Lead at Legal & General Investment Management at Reuters. "But to bring about real change, we need the help of policy makers." The group of investors includes Aviva Investors, Robeco and the FAIRR Initiative.
Agriculture accounts for about 10% of EU greenhouse gas emissions. An EU representative reports that the principle supports the Green Deal in the negotiations on the new CAP. More money will be made available for 'carbon farming' and organic farming.
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This is in response to it Boerenbusiness article:
[url = https: // www.boerenbusiness.nl/ artikel/10891513/investers-bouw-directe-steun-melkveehouderij-af]Investors: phasing out direct support for dairy farming[/url]
Frog, what you're saying is complete nonsense.
I will list a few other numbers for brevity.
80% of our total agricultural production is exported.
The total production or export also includes export agr. knowledge/machines etc., processing and transit of goods/raw materials.
80% of the (80%) exports remain in the neighboring countries of Germany (particularly North Rhine-Westphalia), Belgium and France.
Only 2% of the total (80%) food export consists of food that goes worldwide.
So Frog, so we are the 2nd agricultural exporter in the world after the US, but only a small part of it is food related that goes worldwide and therefore in no way comes close to the diet of 95% of the world population.
Elsevier published an extensive article about this a few months ago.
I can recommend that you read the full article, it is really an eye-opener.
If half of the livestock disappears, it will hardly cause economic contraction.
And it won't cause empty shelves either, as some shouters bleat around, because as it stands, 70% of dairy products alone already cross the border and pork even 83%.
Frog, what you're saying is complete nonsense.
I will list a few other numbers for brevity.
80% of our total agricultural production is exported.
The total production or export also includes export agr. knowledge/machines etc., processing and transit of goods/raw materials.
80% of the (80%) exports remain in the neighboring countries of Germany (particularly North Rhine-Westphalia), Belgium and France.
Only 2% of the total (80%) food export consists of food that goes worldwide.
So Frog, so we are the 2nd agricultural exporter in the world after the US, but only a small part of it is food related that goes worldwide and therefore in no way comes close to the diet of 95% of the world population.
Elsevier published an extensive article about this a few months ago.
I can recommend that you read the full article, it is really an eye-opener.
If half of the livestock disappears, it will hardly cause economic contraction.
And it won't cause empty shelves either, as some shouters bleat around, because as it stands, 70% of dairy products alone already cross the border and pork even 83%.