Growing Returns

Selected tag(s): greenhouse gasses

Danone commits to cut dairy methane emissions in partnership with farmers and EDF

Even if we completely eliminated fossil fuel emissions today, global food system emissions would cause us to exceed our 1.5 degree warming targets, unless they are slowed down. We cannot choose between food security and environmental sustainability – they are one and the same. Urgent action is needed to shift food and agriculture from a driver of climate change and biodiversity loss to a solution, with positive outcomes for producers, companies and consumers.

The good news? The global dairy company Danone is taking a big step forward by pledging to work with its farmer suppliers to reduce methane emissions from its fresh milk supply chain by 30% by 2030.

This announcement builds on past successes, with a plan to accelerate action in the years to come. It aims to achieve significant methane cuts while feeding a growing population and protecting the livelihoods of farmers around the world. And it creates a new level of ambition on methane emissions that I hope others in the food and agriculture industry will follow.

Even a large, global company can’t make this happen by itself. Danone is launching a strategic partnership with Environmental Defense Fund to support its methane reduction ambitions. Danone and EDF will work together in such areas as improved science, data and reporting standards, innovative financing models to help farmers of all sizes, and catalyzing industry and policy leadership through advocacy.

This is the first methane-specific climate pledge from a food or agriculture company. Danone’s size as a major global dairy company provides a significant opportunity for impact.

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New research shows how to improve the voluntary carbon market to accelerate investment in nature

The explosion of net-zero emissions commitments over the past few years from major companies and municipalities shows that institutions are ready to tackle climate change. While reducing industrial emissions of greenhouse gases is a clear and primary priority, achieving global net zero will hinge on investing in nature.

Natural climate solutions (NCS) have the potential to deliver at least 20% of the emissions reductions we need to reach net zero by the end of this decade. Plus, they can deliver other benefits like clean air and water, increased biodiversity, economic opportunities for local communities and enhanced protection against storms and flooding.

Despite their value, natural climate solutions receive less than 3% of public finance, and shortcomings in the voluntary carbon market have limited private investment.

New research in Science Magazine explores three pathways for improving the carbon market to help unlock private investment and nature’s ability to help us.

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