Global Policy Report
On January 29, 2024, the Food System Economics Commission (FSEC) presented a new economic model that maps the impacts of two possible futures for the global food system. The study proposes a shift of subsidies and tax incentives away from destructive large-scale monocultures that rely on pesticides and forest clearance, and instead, financial incentives should be directed towards smallholders who could turn farms into carbon sinks with more space for sustainable agriculture. The study also suggests a change of diet, investment in technologies to enhance efficiency and cut emissions, and redirecting subsidies and tax incentives towards smallholders. The study predicts that a shift towards a more sustainable global food system could create up to $10tn of benefits a year, improve human health, and ease the climate crisis
