Climate change, food security to impact Davos discussions
Creative Commons: Andrea Parrish, 2011
While climate change may not be a focus at this year’s World Economic Forum at Davos, some analysts say its impact is still front and center on the agenda.
Food prices and security, threatened by weather-caused production declines and relentless rising demand, will be a key issue at the conference of world business, political and social leaders.
“We believe that the general trend for food commodity pricing is upwards,” says David Philipp, CEO of Ambata Global Advisors, an investment and advisory firm focused on sustainability themes.
He says “many factors [are] driving up demand versus a slower increase in supply coming primarily from increased agricultural productivity.”
Climate change is still the main culprit behind the price increases, says Garvin Jabusch, chief investment officer and investment firm Green Alpha Advisors.
“[People] think of climate change as slow-moving and occurring over extremely long periods of time,” he says, adding that markets therefore “don’t need to concern themselves with it when making short-term economic decisions.”
But he points out that “large-scale changes are occurring so fast” that its impact are measurable “within human life spans” now.
Read more: CNBC >>
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TckTckTck is the public campaign of the Global Campaign for Climate Action. The GCCA is an unprecedented alliance of more than 300 non-profit organisations from around the world. Our shared mission is to mobilize civil society and galvanize public support to ensure a safe climate future for people and nature, to promote the low-carbon transition of our economies, and to accelerate the adaptation efforts in communities already affected by climate change.View Author Profile
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