If we had to pay the bill to nature, what would food waste cost us?
The full economic, environmental and social costs of food waste amount to approximately 2.6 trillion US dollars annually.
17 Sep 2014 – Each year, 30 percent of global food production is lost after harvest or wasted in shops, households and catering services. This represents 750 billion USD in terms of producer or farmgate prices, going up to almost a trillion US dollars of trade value of food every year – half the GDP of Italy!
If nature asked us to pay the total bill for food waste, it could charge society at least another 700 billion dollars a year. Because that wasted food still:
- caused greenhouse gas emissions and climate change damages
- used water for irrigation and increased water scarcity
- cleared forests and eroded land
- led to loss of pollinators, fishes and other biodiversity
And there is more.
Social costs worth another trillion dollars are caused by food that never added one bit of nutrition to humanity. This includes: pesticides impact on human health, loss of livelihoods, as natural resources become more scarce, conflicts induced by pressure on natural resources and subsidies spent to produce food wastage
But those are only the costs that can be calculated. Food wastage has many more costs that cannot be quantified. Imagine if we quantified:
- the loss of wetlands that purify water,
- or of biodiversity of pastures,
- or the value of fish discarded,
- the scarcity of essential agricultural inputs such as phosphorus,
- or the increase in food prices because of less supply…
Assigning a monetary value to environmental or social impacts will always be inexact.
However we look at it, reducing food waste makes sense economically, environmentally and socially.