Saturday, October 30, 2010

UN: Did we just say that we needed $300 billion a year for cough-mumble? We meant $400 billion

UN: Not Enough Money Available to Feed the World « Business & Finance News and Press Releases
Oct. 29, 2010 /EIN Presswire/ – A crisis is looming in world agriculture because of lack of resources to feed the world’s exploding population.

In a report, the UN’s Food and Agriculture Organization says that up to $100 billion a year may be needed to feed a population expected to grow from its current 6.7 billion level to 9 billion people...
...
The UN group’s report, released ahead of a global conference in the Hague which begins Sunday, says “Available financing, current and projected, are substantially insufficient to meet climate change and food security challenges.”

Existing financing mechanisms instrumental for fighting climate change — such as the Clean Development Fund or the European Union’s Emissions Trading Scheme — often exclude agriculture, the FAO said.
Flashback: UN needs $300 billion?

1 comment:

Edward Spalton said...

A considerable part of the shortfall in food production is attributable to the subsidised/compulsory use of land for "biofuels".

You can choose whether to believe that

(a) the numpties who are "saving the planet" don't realise this or

(b) they know very well and want to induce widespread famine to justify calling for more power and funds for themselves.

I incline to (b)