A more resilient, sustainable, and equitable food system must be a pillar of any climate mitigation or adaptation agenda. But the barriers to building one should not be underestimated, especially for countries and regions where soil is poor, land has little agricultural value, and other natural resources, such as water, are limited or degraded.
DUBAI – Global food prices are soaring. The United Nations Food and Agriculture Organization’s Food Price Index – which covers a basket of basic food commodities (cereals, meat, dairy, vegetable oils, and sugar) – reached an all-time high of 159.7 in March, up from 141.1 the previous month. While it declined slightly in April, to 158.5, ongoing developments – not least Russia’s war in Ukraine – are set to keep driving prices to new highs, with devastating implications for global hunger.
The COVID-19 pandemic exposed the fragility and dysfunctionality of the world’s food systems, with movement restrictions and supply-chain disruptions driving up prices, damaging rural livelihoods, and exacerbating food insecurity, especially for the poor. Now, the war in Ukraine is compounding these challenges, because both sides are major exporters of food, fuel, and fertilizer.
Moreover, climate change poses an even larger threat to global food security. Already, extreme weather like heatwaves, floods, and prolonged droughts has triggered shocks to agricultural production and food availability. As temperatures rise, these shocks will become increasingly frequent and powerful. If global warming crosses the 1.5° Celsius threshold (relative to Earth’s pre-industrial temperature), they are likely to become catastrophic.
To continue reading, register now.
As a registered user, you can enjoy more PS content every month – for free.
There is ample reason to worry that major economies like the United States are heading for a recession, accompanied by cascading financial turmoil. Some of the worst elements of both the 1970s and the 2008 crash are now in play, with equity markets likely to move deeper into bear territory.
says six factors will determine how bad the next downturn will be for the real economy and equity markets.
There is evidence from around the world that the liberty of women is under attack, including in proud democracies. Against this backdrop, the US Supreme Court’s elimination of the federal right to abortion is a particularly egregious offense against women.
notes that the Supreme Court’s elimination of the federal right to abortion accompanies rising gender violence.
Antara Haldar
highlights a potential institutional advantage of developing countries, shows how the hesitation to appeal to voters’ emotions is putting progressives at a disadvantage, and considers where the economics discipline is headed.
Log in/Register
Please log in or register to continue. Registration is free and requires only your email address.
DUBAI – Global food prices are soaring. The United Nations Food and Agriculture Organization’s Food Price Index – which covers a basket of basic food commodities (cereals, meat, dairy, vegetable oils, and sugar) – reached an all-time high of 159.7 in March, up from 141.1 the previous month. While it declined slightly in April, to 158.5, ongoing developments – not least Russia’s war in Ukraine – are set to keep driving prices to new highs, with devastating implications for global hunger.
The COVID-19 pandemic exposed the fragility and dysfunctionality of the world’s food systems, with movement restrictions and supply-chain disruptions driving up prices, damaging rural livelihoods, and exacerbating food insecurity, especially for the poor. Now, the war in Ukraine is compounding these challenges, because both sides are major exporters of food, fuel, and fertilizer.
Moreover, climate change poses an even larger threat to global food security. Already, extreme weather like heatwaves, floods, and prolonged droughts has triggered shocks to agricultural production and food availability. As temperatures rise, these shocks will become increasingly frequent and powerful. If global warming crosses the 1.5° Celsius threshold (relative to Earth’s pre-industrial temperature), they are likely to become catastrophic.
To continue reading, register now.
As a registered user, you can enjoy more PS content every month – for free.
Register
orSubscribe now for unlimited access to everything PS has to offer.
Already have an account? Log in