By Sarah Small, Food Tank Research Associate
This post is recap of the "Climate-Smart Food Security" panel at our fifth Global Food Security Symposium 2014 in Washington, DC.
At the Chicago Council’s Global Food Security Symposium today in Washington, DC, a panel on “Climate-Smart Food Security” addressed the role of family farmers in mitigating the effects of climate change including: climate-smart approaches already being used by smallholder farmers, opportunities to preserve natural resources, and the need for a “brown revolution.”
Panelists included: Howard W. Buffett, president of Buffet Farms Nebraska LLC; Jason Clay, senior vice president of Markets and Food at World Wildlife Fund; Strive Masiyiwa, chairman and founder of Econet Wireless; Gerald C. Nelson, a principal author of Advancing Global Food Security in the Face of a Changing Climate; Danielle Nierenberg, president of Food Tank; and Judith D. Schwartz, author at Chelsea Green Publishing.
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Expert Commentary by James Cameron
By James Cameron, Non-Executive Chairman, Climate Change Capital
This post is part of a series produced by The Chicago Council on Global Affairs, marking the occasion of its fifth Global Food Security Symposium 2014 in Washington, DC.
There remains a stubborn lack of understanding about the systemic connection between water, food, energy and the climate – and what this means for the future feeding of the world.
By 2030, a growing global population – particularly of middle class consumers – is expected to require 30% more water, 40% more energy and 50% more food. The challenge of meeting this demand is compounded by climate change risk and the interconnectedness of energy, water and food, for example, the agriculture industry uses 70% of the world’s freshwater.
Investors will have to understand that the assets they hold – whether in land, property, agriculture, energy or infrastructure – will be revalued because of the physical consequences of climate change and the public policy response to it, but also because consumer demand for more efficient and resilient alternatives will increase.
The value of land where it may be too hot to grow crops, or where irrigation schemes have run out of water, or where extensive use of fertilisers has degraded the soil will be lower than it was. McKinsey has estimated that more than one fifth of the world’s arable land is already seriously degraded from pollution, soil nutrient mining and salinisation.
There will be regions where climate change could create better conditions for certain crops, but investors will need to factor in these changes and ask is the infrastructure in place, are the skills there and how peaceful is the migration?
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