logo
Climate crisis causing food price spikes around the world, scientists say

Climate crisis causing food price spikes around the world, scientists say

Yahoo5 days ago
South Korean cabbage, Australian lettuce, Japanese rice, Brazilian coffee and Ghanaian cocoa are among the many foods that have been hit by price hikes following extreme climate events since 2022, a team of international scientists has found.
The research released on Monday cites, among other examples, a 280 percent spike in global cocoa prices in April 2024, following a heatwave in Ghana and the Ivory Coast, and a 300 percent jump in lettuce prices in Australia after floods in 2022.
In the vast majority of cases, the increase in prices came soon after heatwaves, including a 70 percent increase in cabbage prices in South Korea in September 2024, a 48 percent increase in rice prices in Japan in September 2024, and an 81 percent increase in potato prices in India in early 2024.
Other price increases were linked to drought, such as a 2023 drought in Brazil that preceded a 55 percent increase in global coffee prices the following year, and a 2022 drought in Ethiopia that came before overall food prices there increased by 40 percent in 2023.
The research, published by six European research organisations along with the European Central Bank, was released before the United Nations Food Systems Summit, which will be co-hosted by Ethiopia and Italy in Addis Ababa, Ethiopia, from July 27 to July 29.
'Until we get to net zero emissions extreme weather will only get worse, but it's already damaging crops and pushing up the price of food all over the world,' the report's lead author, Maximillian Kotz, from the Barcelona Supercomputing Center, said in a press release.
'People are noticing, with rising food prices number two on the list of climate impacts they see in their lives, second only to extreme heat itself,' Kotz added, noting that low-income families are often the most affected when 'the price of food shoots up'.
The report comes as the cost of living, including food affordability, has been a key issue for many voters heading to elections around the world in recent years, including in Japan, where the price of rice was on many voters' minds as they headed to the polls this weekend.
Grocery prices were also key election issues in the United States and the United Kingdom in 2024 and in Argentina in 2023.
'In the UK, climate change added £360 [$482] to the average household food bill across 2022 and 2023 alone,' one of the report's co-authors, Amber Sawyer, from the Energy and Climate Intelligence Unit (ECIU), said in a press release.
'Last year, the UK had its third worst arable harvest on record, and England its second worst, following extreme rainfall that scientists said was made worse by climate change,' she added.
Under the UN Framework Convention on Climate Change (UNFCCC), governments have committed to cutting the global emissions that are driving the climate crisis by 2.6 percent from 2019 to 2030.
However, these commitments fall well short of the reductions scientists say are needed to stay within reach of a Paris Agreement target to limit global temperature rises to 1.5 degrees Celsius (2.7 degrees Fahrenheit).
The International Court of Justice (ICJ) is expected to deliver a landmark advisory opinion on states' legal obligations to address climate change on Wednesday, in a case brought by Vanuatu and backed by many Global South countries.Solve the daily Crossword
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

North Bay Nissan dealership closes amid automaker's financial struggles
North Bay Nissan dealership closes amid automaker's financial struggles

San Francisco Chronicle​

time2 hours ago

  • San Francisco Chronicle​

North Bay Nissan dealership closes amid automaker's financial struggles

As its parent company struggles financially, a North Bay Nissan dealership has permanently closed. A note by the Petaluma dealership's employees on their website Friday afternoon announced the closure, which follows several others in the Bay Area in recent years. 'As of 3 pm on July 25th, we have officially concluded our operations as North Bay Nissan,' the statement said. 'It has been a true honor serving the Petaluma and North Bay communities and we are deeply grateful for your loyalty over the years.' More details were not immediately available Saturday morning. The closure comes as North Bay Nissan's parent company, Nissan Motor Co., has weathered significant losses in recent years, leading to factory closures and thousands of job cuts. The company entered the American market in the late 1950s and by the 1970s as one of the world's largest exporters of automobiles. But the automotive giant ran into serious trouble over the past decade after its former CEO was jailed for underreporting his income to Japanese financial authorities and scandal engulfed the company. Over the past five years, the company has laid off thousands of employees, cut production and closed factories. Last November, Nissan announced a plan to cut thousands more employees, and one executive reportedly warned that without a major turnaround, the company would cease to exist in '12 to 14 months.' Nissan's troubles only grew this year, when the carmaker posted its worst financial results in 25 years and after President Donald Trump threatened to impose tariffs on imported vehicles, which make up a significant portion of the company's U.S. sales. Several other Nissan dealerships have also closed in recent years, including showrooms in Burlingame, Fresno and Antioch.

President Donald Trump says Japan will invest $550 billion in US at his direction. It may not be a sure thing.
President Donald Trump says Japan will invest $550 billion in US at his direction. It may not be a sure thing.

Chicago Tribune

time3 hours ago

  • Chicago Tribune

President Donald Trump says Japan will invest $550 billion in US at his direction. It may not be a sure thing.

WASHINGTON — President Donald Trump is bragging that Japan has given him, as part of a new trade framework, $550 billion to invest in the United States. It's an astonishing figure, but still subject to negotiation and perhaps not the sure thing he's portraying. 'Japan is putting up $550 billion in order to lower their tariffs a little bit,' Trump said Thursday. 'They put up, as you could call it, seed money. Let's call it seed money.' He said 90% of any profits from the money invested would go to the U.S. even if Japan had put up the funds. 'It's not a loan or anything, it's a signing bonus,' the Republican president said, on the trade framework that lowered his threatened tariff from 25% to 15%, including on autos. A White House official said the terms are being negotiated and nothing has been formalized in writing. The official, who insisted on anonymity to detail the terms of the talks, suggested the goal was for the $550 billion fund to make investments at Trump's direction. The sum is significant: It would represent more than 10% of Japan's entire gross domestic product. The Japan External Trade Organization estimates that direct investment into the U.S. economy topped $780 billion in 2023. It is unclear the degree to which the $550 billion could represent new investment or flow into existing investment plans. What the trade framework announced Tuesday has achieved is a major talking point for the Trump administration. The president has claimed to have brought trillions of dollars in new investment into the U.S., though the impact of those commitments have yet to appear in the economic data for jobs, construction spending or manufacturing output. The framework also enabled Trump to say other countries are agreeing to have their goods taxed, even if some of the cost of those taxes are ultimately passed along to U.S. consumers. On the $550 billion, Japan's Cabinet Office said it involves the credit facility of state-affiliated financial institutions, such as Japan Bank for International Cooperation. Further details would be decided based on the progress of the investment deals. Japanese trade negotiator Ryosei Akazawa, upon returning to Japan, did not discuss the terms of the $550 billion investment. Akazawa said he believes a written joint statement is necessary, at least on working levels, to avoid differences. He is not thinking about a legally binding trade pact. The U.S. apparently released its version of the deal while Japanese officials were on their return flight home. 'If we find differences of understanding, we may have to point them out and say 'that's not what we discussed,'' Akazawa said. The U.S. administration said the fund would be invested in critical minerals, pharmaceuticals, computer chips and shipbuilding, among other industries. It has said Japan will also buy 100 airplanes from Boeing and rice from U.S. farmers as part of the framework, which Treasury Secretary Scott Bessent said would be evaluated every three months. 'And if the president is unhappy, then they will boomerang back to the 25% tariff rates, both on cars and the rest of their products. And I can tell you that I think at 25, especially in cars, the Japanese economy doesn't work,' Bessent told Fox News' 'The Ingraham Angle.' Akazawa denied that Bessent's quarterly review was part of the negotiations. 'In my past eight trips to the United States during which I held talks with the president and the ministers,' Akazawa said. 'I have no recollection of discussing how we ensure the implementation of the latest agreement between Japan and the United States.' He said it would cause major disruptions to the economy and administrative processes if the rates first rise to 25% as scheduled on Aug. 1 and then drop to 15%. 'We definitely want to avoid that and I believe that is the understanding shared by the U.S. side,' he said. On buying U.S. rice, Japanese officials have said they have no plans to raise the current 770,000-ton 'minimum access' cap to import more from America. Agricultural Minister Shinjiro Koizumi said Japan will decide whether to increase U.S. rice imports and that Japan is not committed to a fixed quota. Trump's commerce secretary, Howard Lutnick, has suggested that the Japanese agreement is putting pressure on other countries such as South Korea to strike deals with the U.S. Trump, who is traveling in Scotland, plans to meet on Sundayv with European Commission President Ursula von der Leyen to discuss trade. 'Whatever Donald Trump wants to build, the Japanese will finance it for him,' Lutnick said Thursday on CNBC. 'Pretty amazing.'

Trump says Japan will invest $550 billion in US at his direction. It may not be a sure thing
Trump says Japan will invest $550 billion in US at his direction. It may not be a sure thing

The Hill

time6 hours ago

  • The Hill

Trump says Japan will invest $550 billion in US at his direction. It may not be a sure thing

WASHINGTON (AP) — President Donald Trump is bragging that Japan has given him, as part of a new trade framework, $550 billion to invest in the United States. It's an astonishing figure, but still subject to negotiation and perhaps not the sure thing he's portraying. 'Japan is putting up $550 billion in order to lower their tariffs a little bit,' Trump said Thursday. 'They put up, as you could call it, seed money. Let's call it seed money.' He said 90% of any profits from the money invested would go to the U.S. even if Japan had put up the funds. 'It's not a loan or anything, it's a signing bonus,' the Republican president said, on the trade framework that lowered his threatened tariff from 25% to 15%, including on autos. A White House official said the terms are being negotiated and nothing has been formalized in writing. The official, who insisted on anonymity to detail the terms of the talks, suggested the goal was for the $550 billion fund to make investments at Trump's direction. The sum is significant: It would represent more than 10% of Japan's entire gross domestic product. The Japan External Trade Organization estimates that direct investment into the U.S. economy topped $780 billion in 2023. It is unclear the degree to which the $550 billion could represent new investment or flow into existing investment plans. What the trade framework announced Tuesday has achieved is a major talking point for the Trump administration. The president has claimed to have brought trillions of dollars in new investment into the U.S., though the impact of those commitments have yet to appear in the economic data for jobs, construction spending or manufacturing output. The framework also enabled Trump to say other countries are agreeing to have their goods taxed, even if some of the cost of those taxes are ultimately passed along to U.S. consumers. On the $550 billion, Japan's Cabinet Office said it involves the credit facility of state-affiliated financial institutions, such as Japan Bank for International Cooperation. Further details would be decided based on the progress of the investment deals. Japanese trade negotiator Ryosei Akazawa, upon returning to Japan, did not discuss the terms of the $550 billion investment. Akazawa said he believes a written joint statement is necessary, at least on working levels, to avoid differences. He is not thinking about a legally binding trade pact. The U.S. apparently released its version of the deal while Japanese officials were on their return flight home. 'If we find differences of understanding, we may have to point them out and say 'that's not what we discussed,'' Akazawa said. The U.S. administration said the fund would be invested in critical minerals, pharmaceuticals, computer chips and shipbuilding, among other industries. It has said Japan will also buy 100 airplanes from Boeing and rice from U.S. farmers as part of the framework, which Treasury Secretary Scott Bessent said would be evaluated every three months. 'And if the president is unhappy, then they will boomerang back to the 25% tariff rates, both on cars and the rest of their products. And I can tell you that I think at 25, especially in cars, the Japanese economy doesn't work,' Bessent told Fox News' 'The Ingraham Angle.' Akazawa denied that Bessent's quarterly review was part of the negotiations. 'In my past eight trips to the United States during which I held talks with the president and the ministers,' Akazawa said. 'I have no recollection of discussing how we ensure the implementation of the latest agreement between Japan and the United States.' He said it would cause major disruptions to the economy and administrative processes if the rates first rise to 25% as scheduled on Aug. 1 and then drop to 15%. 'We definitely want to avoid that and I believe that is the understanding shared by the U.S. side,' he said. On buying U.S. rice, Japanese officials have said they have no plans to raise the current 770,000-ton 'minimum access' cap to import more from America. Agricultural Minister Shinjiro Koizumi said Japan will decide whether to increase U.S. rice imports and that Japan is not committed to a fixed quota. Trump's commerce secretary, Howard Lutnick, has suggested that the Japanese agreement is putting pressure on other countries such as South Korea to strike deals with the U.S. Trump, who is traveling in Scotland, plans to meet on Sundayv with European Commission President Ursula von der Leyen to discuss trade. 'Whatever Donald Trump wants to build, the Japanese will finance it for him,' Lutnick said Thursday on CNBC. 'Pretty amazing.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store