As climate change increasingly becomes a bigger issue, investors and companies are looking for ways to minimize their environmental impact with regards to greenhouse-gas emissions. Investors such as Aviva Investors and Aegon Asset Management are encouraging restaurants and food companies to reduce their carbon footprint and redefine their supply chain to be more environmentally friendly. Especially in the United States, this is a controversial period for this issue. Analysts are expecting climate change to be a key issue in the United States 2020 presidential election. It will be a tough negotiating point between all parties involved.
Countries making a major push to be more efficient with their carbon output include Canada, Australia, and the majority of nations within the European Union. Specifically, these countries are aiming to reduce their use of coal and focus on more efficient types of renewable energy. Canada is specifically aiming to reduce its extraction of tar sands. Tar sands is an especially dirty production method of fossil fuel and produces up to 4.5 times as much carbon pollution as traditional mining methods.
Per a report issued by the Intergovernmental Panel on Climate Change, the world is currently on a path to have its temperature raise 2.7 degrees Fahrenheit by 2030 and 3.6 Fahrenheit by 2050. This increase would lead to catastrophic events. This commission encourages countries to redefine their food supply chains, invest in projects that improve land use, energy, industry, and transportation.