Investments in plant-based alternatives to meat have a huge impact on emissions due to the large difference between the greenhouse gases emitted when producing conventional meat and dairy products and when growing plants. For example, beef emits 6 to 30 times more than tofu. Investments in alternative proteins such as fermented products and cellular meats jumped from $1 billion in 2019 to $5 billion in 2021, Boston Consulting Group (BCG) published a report. Alternatives account for 2% of meat, egg and dairy sales, but on current growth trends, this will rise to 11% by 2035, the report said. The resulting reduction in emissions is almost equal to that produced by the global aviation industry. Meat substitutes are likely to grow even faster as technological advances lead to better products, production scales up and regulatory changes make it easier to sell, BCG said. Malte Clausen, Partner at BCG, said: “There has been a lot of investment in electric vehicles, wind turbines and solar panels, which are all good and help reduce emissions, but we haven’t seen a comparable investment in alternative proteins. It’s rising rapidly, though.” “If you really care about your impact as an investor, this is definitely an area you need to know…” Scientists concluded that avoiding meat and dairy is less harmful to the planet’s environment The single most impactful way, reducing meat consumption in rich countries is critical to ending the climate crisis.
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