Cutting Food Waste Could Save Global Economy $300 Billion A Year

Reducing consumer food waste could save between US$120 and 300bn per year by 2030, according to a new report by WRAP and the Global Commission on the Economy and Climate. To achieve this would require a 20-50% reduction in consumer food waste.

One third of all food produced in the world ends up as waste, while the value of global consumer food waste is more than US$400bn per year. As the global middle class expands over the course of the decade, the cost could rise to US$600bn, according to new research conducted by WRAP for the Global Commission.

Strategies to achieve economic and environmental gains by reducing food waste, identifies significant opportunities to improve economic performance and tackle climate change by reducing the amount of food that is wasted in agriculture, transport, storage and consumption.

Dr Richard Swannell, director of sustainable food systems at WRAP said: “Food waste is a global issue and tackling it is a priority. This report emphasises the benefits that can be obtained for businesses, consumers and the environment.

Dr Richard Swannell, WRAP – “In partnership with UNEP and FAO, WRAP produced international guidance on how to achieve that through implementing effective food waste prevention strategies that can be used across the world”

“The difficulty is often in knowing where to start and how to make the biggest economic and environmental savings. In partnership with UNEP and FAO, WRAP produced international guidance on how to achieve that through implementing effective food waste prevention strategies that can be used across the world.

“Consumers also have a role to play. In the United Kingdom, where we are based, the majority of food waste occurs in the home. Through our consumer campaign Love Food Hate Waste we empower consumers with advice and tips on how to waste less and save more. Between 2007 and 2012, this helped householders reduce avoidable food waste by 21%, saving a total of £13bn.”

Reducing food waste can also make a significant contribution to tackling climate change. Seven percen of all global greenhouse gas emissions (GHGs), or 3.3bn tonnes CO2 equivalent (CO2eq) per year, are due to food waste, the report states.

WRAP estimates that by 2030 global GHGs could be lowered by at least 0.2 and possibly as much as 1bn tonnes CO2eq per year through food waste reductions, more than the annual emissions of Germany. When food waste is decreased, this makes it more likely that an increasing population can potentially be fed from the same amount of land.

Helen Mountford, New Climate Economy – “Reducing food waste is good for the economy and good for the climate. Less food waste means greater efficiency, more productivity, and direct savings for consumers. It also means more food available to feed the estimated 805m that go to bed hungry each day”

Helen Mountford, global programme director for the New Climate Economy, said: “Reducing food waste is good for the economy and good for the climate. Less food waste means greater efficiency, more productivity, and direct savings for consumers. It also means more food available to feed the estimated 805m that go to bed hungry each day.

“Reducing food waste is also a great way to reduce the greenhouse gas emissions that contribute to climate change. These findings should serve as a wakeup call to policymakers around the world.”

The report highlights how practical changes, such as lowering the average temperatures of refrigerators or designing better packaging, can make a considerable difference in preventing spoilage. Approximately 25% of food waste in the developing world could be eliminated with better refrigeration equipment.

WRAP’s findings contributed to Better Growth, Better Climate: The New Climate Economy Report. This report, released in 2014 by the Global Commission on the Economy and Climate, demonstrates how countries can achieve economic growth while dealing with the risks posed by climate change. The report highlighted how reforms in urban development, land use and energy policy would lead to sustained growth in a low-carbon economy.

Iain Gulland, chief executive, Zero Waste Scotland said: “It’s clear from these new figures that food waste is a global shame and that tackling it would deliver huge environmental and economic benefits.   For example, in Scotland alone we waste around £1bn of perfectly good food from our homes each year.

“We can all do something about this. Zero Waste Scotland backs the Love Food Hate Waste campaign which can provide everyone with valuable tips to avoid wasting food.  We also have a key role working with retailers, manufacturers and industry decision makers to influence changes which prevent food waste in the first place.”


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