“Sin taxes” on meat to reduce its huge impact on climate change and human health look inevitable, according to analysts for investors managing over $4tn of assets.
The global livestock industry causes 15% of all global greenhouse gas emissions and meat consumption is rising around the world, but dangerous climate change cannot be avoided unless this is radically curbed. Furthermore, many people already eat far too much meat, seriously damaging their health and incurring huge costs. Livestock also drive other problems, such as water pollution and antibiotic resistance.
You know, like every damn economist keeps shouting, just tax the emissions themselves?