THE agri-food industry is central to our daily lives and nutrition, but it also generates up to 30 per cent of global greenhouse-gas emissions, making it second only to fossil fuels as a human-made driver of climate change.
It also has a strong impact on natural capital.
At least 90 per cent of global deforestation is attributed to the agri-food industry, and it accounts for 70 per cent of global freshwater consumption.
With reform, the sector could generate US$5 trillion in positive externalities.
A recent analysis estimated the industry generates net economic costs of US$15 trillion every year, the equivalent of 12 per cent of global gross domestic product.
It also gauged that a comparably smaller...
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