Climate Changed
Taxes on Meat Could Join Carbon and Sugar to Help Limit Emissions
- The idea has met resistance over fears of political backlash
- Tyson invests in plant-based burger backed by Gates, DiCaprio
Fighting Climate Change, Without the U.S.
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Move over, taxes on carbon and sugar: the global levy that may be next is meat.
Some investors are betting governments around the world will find a way to start taxing meat production as they aim to improve public health and hit emissions targets set in the Paris Climate Agreement. Socially focused investors are starting to push companies to diversify into plant protein, or even suggest livestock producers use a “shadow price” of meat -- similar to an internal carbon price -- to estimate future costs.