“Sin taxes” on meat to fight climate change and protect human health, according to analysts.
The meat and livestock industry currently causes 15 per cent of all global greenhouse gas emissions and is partially responsible for deforestation as land is given over to rearing cattle.
In addition more and more people are consumes higher levels of meat than their parents – especially in countries experiencing rapid economic development where eating meat, such as China, is regarded as a status symbol.
This is already having a massive impact on human health as the World Health Organisation declared that processed meat was carcinogenic. It has been linked with many forms of cancer and increased risk of heart disease.
A new report from the investor network Farm Animal Investment Risk and Return (Fairr) Institute says meat would in future likely be subjected to the same levies as tobacco and carbon emissions.
Meat taxes have already been proposed by politicians in Germany, Sweden and Denmark while China has already cut its recommended maximum meat consumption by 45 per cent.
The founder of Fairr, Jeremy Coller, told the Guardian: “If policymakers are to cover the true cost of human epidemics like obesity, diabetes and cancer, and livestock epidemics like avian flu, while also tackling the twin challenges of climate change and antibiotic resistance, then a shift from subsidisation to taxation of the meat industry looks inevitable.
“Far-sighted investors should plan ahead for this day.”
The analysis shows nations begin to introduce the so-called sin taxes when a consensus forms that a product is harmful.
The authors found more than 180 jurisdictions had taxes on tobacco and more than 60 taxed carbon emissions.
Meanwhile, following an upsurge of concern about the corrosive impact of sugar on diet since the start of the decade, at least 25 per cent of jurisdictions impose a sugar tax.
Rob Bailey , the Research Director on the environment at Chatham House, said: “It’s only a matter of time before agriculture becomes the focus of serious climate policy.
“The public health case will likely strengthen government resolve, as we have seen with coal and diesel. It’s hard to imagine concerted action to tax meat today, but over the course of the next 10 to 20 years, I would expect to see meat taxes accumulate.”
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