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Climate Alarmists Threaten Skyrocketing Prices If CO2 Tax Fails

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The Green Car Website
Thursday, October 29, 2009

£6.50 for a loaf of bread, £7 for a box of cornflakes and £18 for a pint of beer – these are the eye watering prices we could face in 2030 unless urgent action is taken to prevent dangerous climate change, Friends of the Earth has suggested.

The figures were published today by environmental charity, 40 days before UN climate talks kick off in Copenhagen.

The price of staple foods is set to rocket four and a half times above normal inflation as changing climate puts extra stress on land and resources around the world, exacerbating the existing food crisis. Yields of crops like wheat, rice and maize will fall and patterns of trade and consumption would be affected, the charity said.

Spiralling costs of basics like bread, rice and pasta will mean that many million more people will struggle to buy enough food to keep healthy.

The figures have been produced by Ray Hammond, a leading expert in predicting future social and economic trends and Visiting Lecturer at the University of Oxford’s Institute for the Future of Humanity. He modelled the future prices of consumer foodstuffs for Friends of the Earth using previous price hikes recorded by the World Bank and projections by the International Food Policy Research Institute.

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Projected prices of other staple foods in 2030 include; £17.91 for a 1 litre corn oil (now £1.99, which would be £3.98 by 2030 with normal inflation)and £15.21 for 1 kg of basmati rice (now £1.69, expected to be £3.38 with normal inflation.

As pressure mounts ahead of the United Nations climate change talks in Copenhagen, the report serves as a reminder that global warming is expected to hit ordinary Britons hard, as well as causing storms, droughts, famine and floods that will affect the developing world.

In his report, Hammond echoes Friends of the Earth’s call for a strong and fair agreement in Copenhagen, in which rich countries promise to cut their emissions by at least 40 per cent by 2020 without carbon offsetting, and pledge sufficient public funds to enable poor nations to develop cleanly and adapt to the impacts of climate change. He also advises urgent political action to address the underlying causes of the food crisis.

Full story here.

This article was posted: Thursday, October 29, 2009 at 9:33 am





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