A five-fold increase in annual investment by 2035 could yield 12 times larger benefits to develop and commercialize long-term innovation. Food system innovations from the report could collectively reduce the costs of achieving a 1.5° C climate objective by $100 billion in 2030 and $1 trillion in 2050.
“Reducing methane emissions from agriculture will spark a wide net of benefits like greater food security, improved human health, nature conservation, and better support for farmers,” said Avery Cohn, director of the Food and Agriculture Program at ClimateWorks Foundation. “Investing in new technologies and widening access to existing methods can grow our global economy and reduce pollution to ensure a thriving climate for all.”
Methane innovations can support wider food system decarbonization by reducing other greenhouse gas emissions, including carbon dioxide savings through avoided land use change and increased carbon sequestration potential. Reducing pollution, sustainable product offerings, and improved productivity are three key opportunities.
“Rice farmers are facing ever-growing adverse impacts of climate change felt on a daily basis, yet the adoption of low-carbon innovations is slow due to lack of incentives and capacity,” said Vu Duong Quynh, vice head of the Environmental Chemistry Division at the Vietnam Institute for Agriculture Environment (IAE). “This report helps Vietnam prioritize our efforts to reduce methane emissions as we implement our National Action Plan for the Global Methane Pledge.”
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