The European Parliament’s Committee on the Environment (ENVI) has voted to bring more transparency to the European Union fishing industry. These proposals mark progress towards ensuring sustainability in seafood supply and marine ecosystems in the EU.
A proposal to create a blue bond to facilitate a recovery in fish stocks.
To help investors see in practice how a blue bond could help trigger a recovery in fish stocks and generate higher returns for fishing companies, Planet Tracker has created a simple interactive dashboard where users can change the key modelling assumptions.
Deep inside the EU’s seven-year budget and recovery plan, which was approved on Friday 24 July, is a plastics’ waste levy of €800/tonne that comes into force in January 2021, despite the fact that insufficient recycling infrastructure exists throughout the EU.
Last month, the EU Commmission launched two groundbreaking strategies – Farm-to-Fork and EU Biodiviersity – both intended to decrease the natural capital footprint of the EU’s food and agriculture system.
Reported Scope 3 emissions by 12 publicly listed European food retailers account for 44% of total emissions in the European food retail sector in 2018.
The agribusiness sector, with over 5,600 different traded commodities[i] valued at more than $5 trillion annually, contributes 37 percent to global Scope 1, 2 and 3 greenhouse gas (GhG) emissions. According to the OECD, 61 countries – including all EU and OECD countries and ten key emerging economies – disbursed $620 billion between 2015 and 2017 as agriculture subsidies, with 80 percent of this funding going to agriculture producers.
Despite accounting for less than 9% of global agriculture’s market value in 2016 – compared to 22% for the meat industry, dairy is an important sector in both developed and emerging markets’ economies.
Supporting the European Green Deal[i] in aide of carbon neutrality and as part of the European Commission’s Action Plan on Financing Sustainable Growth,[ii] the Study on Due Diligence Requirements Through the Supply Chain,[iii] published 24 February, calls on regulatory reform to standardize approaches to risk management that measure, monitor and manage supply chain impacts.
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