HomeFinancePlant-based proteins may be good for food security: Temasek | NEWSRUX

Plant-based proteins may be good for food security: Temasek | NEWSRUX

SINGAPORE — The shift towards plant-based proteins might profit meals safety, the chief sustainability officer of Singapore’s state investor mentioned Tuesday.

Steve Howard of Temasek mentioned round 18% of energy come from livestock, however 80% of agricultural land is used for livestock. In some markets, 80% of grain is fed to livestock, he informed CNBC’s “Squawk Field Asia.” These assets might be diverted away from livestock farming if consumption patterns change.

“Extra plant-based protein, extra different proteins — that may actually construct in meals safety,” he mentioned.

Howard mentioned excessive warmth waves are affecting meals manufacturing in India and estimated that grain shops will solely have the ability to maintain the world for round 73 days, simply “a few months of meals safety for your entire world.” He mentioned folks with decrease incomes are particularly susceptible to meals worth will increase.

“We have now to essentially give attention to diversification,” he mentioned. Utilizing fashionable know-how in agriculture will even be good for meals safety.

Inexperienced funding

Individually, Howard mentioned cash will nonetheless be invested in inexperienced know-how despite recession fears.

“You search for … the place are the long-term worth creators in a recession, do not you?” he mentioned. “Persons are nonetheless trying to deploy capital in that surroundings.”

The tailwinds are sturdy due to a “virtuous circle” of recent applied sciences which might be performing properly and changing into extra reasonably priced, he mentioned, citing electrical autos, different protein and photo voltaic vitality.

He mentioned photo voltaic vitality is transferring at “a rare tempo of growth,” and the identical may occur for vitality storage and different renewable sources.

In the meantime, the coverage surroundings is powerful and there is buyer demand for inexperienced options, he mentioned.

“In the event you go three, 4 years in the past, a lot of the capital markets have been asleep on the wheel on local weather, probably not doing issues meaningfully. Now, capital markets are queuing up,” he mentioned.

Learn extra about vitality from CNBC Professional

Firms and governments have doubled down on sustainability and local weather targets, Howard mentioned.

“The tailwinds are turning right into a hurricane,” he mentioned.

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