Posted on 03/22/2024 4:34:53 AM PDT by Oldeconomybuyer
The strain that rising global temperatures could have on on the agriculture industry and inflation around the world will likely cause food prices to increase even more, according to new research.
Changes in average monthly temperatures have the strongest and most consistent correlation to productivity and inflation figures, according to a paper published in the journal Communications Earth & Environment on Thursday.
Researchers at the Potsdam Institute for Climate Impact Research in Germany looked at historical food prices in different categories of food goods across countries around the world to explore how fluctuations in different climatic conditions have historically impacted food inflation as well as the implications of future climate change, Max Kotz, lead author of the study, told ABC News.
The higher food prices predicted in the future are tied to extreme weather events that could disrupt a sensitive global economy. "Shocks" to agricultural productivity is the main channel that underlies the impact of climate change to food inflation, Kotz said.
High and low-income countries will both experience climate-driven inflation, however countries in the global south, especially Africa and South America, will be more affected, according to the study.
In a case study, the researchers took a look at the 2022 extreme summer heat event in Europe and found that food inflation increased by 0.43-0.93% for the continent. By 2035, this would be amplified by 30-50%, based on current warming projections, according to the paper.
(Excerpt) Read more at abcnews.go.com ...
LMAO
everyone knows it was liberals covid policies that broke the world.
This event may be a prequel to famine. Thanks to the Marxist Dems the USA has 20 million more mouths to feed with lower food production world wide. Seems its only a matter of time before demand outstrips supply if not already there.
Bulls**t.
Inflate the currency to finance an orgy of mass murder, blame climate change.
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