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Plant-Based Meat: By Far the Best Climate Investment, Report Finds

Sunday July 10, 2022. 05:34 AM , from Slashdot
An anonymous reader shares this article from WION:

A report from the Boston Consulting Group (BCG) has revealed that investments in plant-based meat alternatives lead to far greater cuts in climate-heating emissions than other green investments. The improved investment in the production of meat and dairy alternatives resulted in three times more greenhouse gas reductions compared with investment in green cement technology, seven times more than green buildings and 11 times more than zero-emission cars, The Guardian reported citing the report.

'Widespread adoption of alternative proteins can play a critical role in tackling climate change,' Malte Clausen, a partner at BCG told the UK-based newspaper. 'We call it the untapped climate opportunity — you're getting more impact from your investment in alternative proteins than in any other sector of the economy.'

From the Guardian's report:

Investments in the plant-based alternatives to meat delivered this high impact on emissions because of the big difference between the greenhouse gases emitted when producing conventional meat and dairy products, and when growing plants. Beef, for example, results in six-to-30 times more emissions than tofu.

Investment in alternative proteins, also including fermented products and cell-based meat, has jumped from $1bn (£830m) in 2019 to $5bn in 2021, BCG said. Alternatives make up 2% of meat, egg and dairy products sold, but will rise to 11% in 2035 on current growth trends, the report said. This would reduce emissions by an amount almost equivalent to global aviation's output. But BCG said meat alternatives could grow much faster with technological progress resulting in better products, scaled-up production and regulatory changes making marketing and sales easier...

'There's been a lot of investments into electric vehicles, wind turbines and solar panels, which is all great and helpful to reduce emissions, but we have not seen comparable investment yet [in alternative proteins], even though it's rising rapidly,' he said. 'If you really care about impact as an investor, this is an area that you definitely need to understand....'

Scientists have concluded that avoiding meat and dairy products is the single biggest way to reduce your environmental impact on the planet and that large cuts in meat consumption in rich nations are essential to ending the climate crisis.

Read more of this story at Slashdot.
https://news.slashdot.org/story/22/07/10/014202/plant-based-meat-by-far-the-best-climate-investment-...
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