The charity Oxfam has claimed that the effects of climate change could cause a price rise of 44% over today’s prices for many cereals and has called on the “big 10” food companies to curb their emissions:
“The charity has claimed the ‘Big 10’ food and drink companies combined emit more greenhouse gases than Scandinavia, and has warned these firms could face financial ruin if they do not do more to tackle climate change.”
Cereal prices face a phenomenal rise due to the predicted effects of climate change on the world’s food production. (Image Credit)
“It has been predicted that by 2050 there will be 50 million more people made hungry because of climate change, and Oxfam has suggested that the price of key products like Kellogg’s Corn Flakes could rise by 44 percent by 2029. In its critical report, the charity has called on the firms, which is says generate £650 million a day in revenues – equivalent to the total gross domestic product of all the world’s lower income countries – to cut their combined emissions by 80 million tons by 2020.”
Food price rises are one of the future difficulties predicted in the Great Waves of Change and this report is a sign and a reminder of the need to prepare.
