18th June 2015
The changing climate threatens the global food system to sudden shocks with repercussions for communities, businesses and governments, a report published today by Lloyd’s, the specialist insurance and reinsurance market, highlights.
Supported by academics at Anglia Ruskin University, the report contains a scenario where disruptions such as weather catastrophes and plant pandemics – which are exacerbated by climate change – have far-reaching economic and humanitarian consequences.
Launched today at Expo Milano 2015, the study shows how three events – El Nino, the spread of windblown wheat rust in Russia and warmer temperatures in South America – could lead to wheat, maize, soybean and rice prices quadrupling, significant losses on European and US stock markets, food riots and wider political instability.
This is an excerpt of an article written by the clickgreen staff and published on clickgreen.org. To read the full original article, click here.