Climate Policy Institute: climate change may cause food prices to rise further

By: Trademagazin Date: 2024. 07. 09. 11:34

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Climate change has a significant impact on the world’s agriculture, the environmental changes together can cause further permanent food inflation in the future, which can be prevented by adaptation, modernization of agricultural irrigation systems, breeding of new stress-resistant plant varieties, and precision instruments – wrote the researcher of the MCC Climate Policy Institute in his recent article.

The impact of climate change on agriculture depends on the extent and severity of the change, as well as on the extent to which farmers and livestock breeders can adapt to increasingly extreme weather, explained Erik Kovács.

Permanently changing weather patterns due to climate change are reducing crop yields, narrowing supply and driving up prices, a trend seen for example in Europe for wheat, corn and fruit.

In his article, the researcher of the Climate Policy Institute recalled that, according to the Energy and Climate Intelligence Unit think tank, one third of the increase in food prices in the European Union and the United Kingdom in 2023 was due to climate change.