Climate fee on food could effectively cut greenhouse gas emissions in agriculture while ensuring a social balance
Greenhouse gas emissions in agriculture could be significantly reduced in a socially equitable way through a climate fee on food, combined with climate dividends. A new study suggests that pricing greenhouse gas-intensive foods could help meet climate targets for agriculture while generating over 8.2 billion Euros annually. If these funds were redistributed to households through a lump-sum compensation scheme, it would ease the financial burden on households, especially those with lower incomes and at the same time encourage sustainable consumption.
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Greenhouse gas emissions in agriculture could be significantly reduced in a socially equitable way through a climate fee on food, combined with climate dividends. A new study suggests that pricing greenhouse gas-intensive foods could help meet climate targets for agriculture while generating over 8.2 billion Euros annually. If these funds were redistributed to households through a lump-sum compensation scheme, it would ease the financial burden on households, especially those with lower incomes and at the same time encourage sustainable consumption.
