The World Economic Forum Annual Meeting in Davos last week highlighted biotech’s potential contributions to global challenges of climate, health, and food (with several BIO members participating).
A few key takeaways:
1. The climate crisis is a health crisis.
A record year of extreme weather has endangered the health and livelihoods of more than one-third of the global population. Climate change threatens $12.5 trillion in economic losses and $1.1 trillion in extra costs by 2050, finds a new report.
What they’re saying: “We have to stop talking about (climate crisis) measuring it in degrees Celsius and talk about it in lives,” Bill Anderson, CEO of BIO member Bayer, said on a panel.
2. Health equity requires global action.
WEF’s Global Health Equity Network launched a Zero Health Gaps Pledge, in which organizations (including several BIO members) agree to identify health inequities and work toward solving them.
3. We must invest in food.
Food systems contributed 30% of greenhouse gas emissions, 80% of deforestation and biodiversity loss, and 70% of global freshwater withdrawals, finds a report by the WEF’s 100 Million Farmers Initiative. Transforming food systems requires $300-$350 billion in investment annually through 2030.
Underinvestment in food is shocking, Bayer’s Anderson and Chris Abbott, CEO of BIO member Pivot Bio, said during a panel. Resources need to be shifted to food, and regulatory frameworks must be modernized, said Abbott.
Read more in Bio.News.
More Agriculture & Environment News:
Bloomberg: Americans’ most pressing climate change questions, answered
“Researchers surveyed over 1,000 people in the US about the questions they’d like to ask climate experts. More and more want to learn about how to solve the problem.”