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Steaks and shakes are the new SUVs.
It’s all those cows, contentedly mooing while producing billions of pounds of planet-warming methane. The World Bank has a solution.
In a new paper, the international financial lender suggests repurposing the billions rich countries spend to boost carbon dioxide-rich products like red meat and dairy for more climate-friendly options like poultry, fruits and vegetables.
As Politico reported, the bank suggests that governments can reorient subsidies for red meat and dairy products toward lower-carbon alternatives. The switch is one of the most cost-effective ways for wealthy countries — estimated to generate roughly 20% of the world’s agri-food emissions — to reduce demand for highly polluting food, it argues.
Cost effective for who?
The bank admits it would essentially price climate impact into food costs.