Public Development Banks should stop financing factory farming

Transferring public dollars to the devastating industrial meat sector Weather-resistant or climate-wise.

UN Secretary-General warns that climate change is a “red code” warning for humanity. Multimedia Banks (MDB), which has pledged to comply with the Paris Agreement, has continued to invest millions of dollars in industrial animal husbandry, ignoring warnings from the International Climate Change Panel (IPCC) and the United Nations to prevent desertification. To build resilience and achieve the Paris climate goals, we need to drastically change and reduce greenhouse gas emissions (GHG) emissions.

The World Bank’s private sector arm, the International Finance Corporation (IFC), directly supports industrial pork and poultry production in Vietnam, Ecuador and Uganda. Other financing is indirect, such as IFC loans of up to $ 200 million to Lewis Drefus Company (LDC), a subsidiary of soybeans and maize for industrial animal feed. More than three-quarters (77 percent) of the world’s total soybean production is mainly used for feed on pigs and poultry. More than 150 groups around the world have sent letters to the executive director of the IFC, urging them to oppose loans to Lewis Drewfus operations in Brazil, Serado, 5 percent biodiversity, the world’s biodiversity and 216 indigenous territories.

Government banks should invest in food security for human beings, not for industrial cattle

Public finance in bulk monocultures is a major problem, especially in the global food crisis. Increases demand for cereals and soybeans, which in turn increases prices. These foods cannot be bought for the poor. It also displaces a variety of food products, locally. Reducing fodder consumption will help alleviate growing wheat and corn prices and inflation. If these grains were to be used for human consumption, this would feed an additional 3.5 billion people each year, a major blow to world hunger.

The use of edible crops as fodder undermines the UN’s Sustainable Development Goals 1 and 2: zero hunger and poverty. MDBs should not fund activities that undermine domestic food production and increase food insecurity.

Investment in industrial pork and poultry sectors impedes Paris climate goals

Incredibly MDB Draft Review framework for the Paris lineup Globally, it includes non-domesticated animals. Livestock is mainly pig and poultry, most of which are industrial. The MDB assessment that these animals are linked to Paris ignores the high direct and indirect GHG emissions that result from these activities.

These emissions, including methane emissions, will increase significantly but will not decrease. According to the US Environmental Protection Agency (EPA), methane emissions from large-scale pork production increased by 44 percent between 1990 and 2010. , Ventilation, lighting and transportation.

More than half of the emissions from the pig and poultry sectors include fodder production, pesticide production, fertilizer use and land clearance for fodder development. The expansion of soybeans and corn monopoly in the Brazilian Serado has led to an increase in carbon dioxide emissions by clearing plants in this biodiversity hot spot. Moreover, agro-chemical products based on agro-chemicals are depleting and depleting water resources, causing soil erosion and biodiversity. A recent study by Nature He noted that the production of mono-cultural products in the Serado region posed a serious threat to climate change, with water shortages and high temperatures “limiting soybean production” and “endangering food production and biomass.”

Public Development Banks need to better align their loans with Paris and the SDGs.

Under the Paris Agreement, public development banks have pledged to comply with UN SDGs. However, many of the SDGs (3, 6, 8, 10, 12, 14 and 15) in industrial animal husbandry and fodder production have prevented them from reaching the southern hemisphere due to their negative impact on human health, environment and smallholder farmers. IFC’s Louis Dreyfus loan supports “up to 6,000 hectares (15,000 acres) from high mechanized, industrial farms”. According to a recent report, land grabbing and hypothesis in the Serado region are accelerating land grabbing, eroding local food security and forcing smallholder farmers, indigenous peoples and traditional communities to seek employment.

According to the International Fund for Agriculture Sustainability ”indicates that small farms are“ especially important for food security and nutrition for vulnerable groups ”because they serve“ primarily domestic and local markets ”. José Graziano da Silva, former director-general of the Food and Agriculture Organization of the United Nations (FAO), echoed these sentiments and said that additional resources should not be given to smallholder farmers. It has pushed aside large-scale capital projects.

The harmful effects of industrial animal husbandry on animal welfare and public health and related economic costs should not be overlooked. Genetically predisposed animals in congested, polluted, inhuman and degrading conditions make them vulnerable to the immune system – and the spread of pathogens and the occurrence of zonal diseases such as swine flu (H1N1) is a dangerous breeding ground. Industrial production systems use 73 percent of the world’s antibiotics to prevent diseases in these unsanitary conditions.

Investing in an industrial livestock system would undermine the Paris Agreement and the UN SDGs. Now is the time for public banks to shift their dollars to regional, low carbon, high security, agro-ecological food systems. These locally adapted, multi-system systems increase productivity and resilience, while protecting biodiversity, public health, farmers’ livelihoods and food security, especially if supply chain disruptions are part of our new normal life.

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