Raising livestock contributes significantly to carbon emissions, with animal agriculture accounting for 14.5% of the world’s greenhouse gas emissions.
Scientific reports have found that rich countries need huge reductions in meat and dairy consumption to tackle the climate emergency.
With that level of financial support, the report estimates that meat production could increase by a further 40m tonnes by 2029, to hit 366m tonnes of meat a year.
The report also points to ongoing consolidation in the meat and dairy sector, with the biggest companies buying smaller ones and reducing competition.
The recent interest shown by animal protein companies in meat alternatives and substitutes was not yet a solution, campaigners said.
“We also know that average GHG [greenhouse gas] emissions in the EU from livestock is half that of the global average.
In England and Wales, the National Farmers’ Union has set a target of reaching net zero greenhouse gas emissions in agriculture by 2040. »