Food waste could rise by almost a third by 2030 when more than 2 billion tonnes would be trashed, researchers said on Tuesday, warning of a “staggering” crisis propelled by a booming world population and changing habits in developing nations.
The UN has set a target of halving food loss and waste by 2030, but the Boston Consulting Group study found that if current trends continued, it would rise to 2.1 billion tonnes, or US$1.5 trillion, annually.
“We are seeing a real crisis at a global level,” said Esben Hegnsholt, one of the study’s authors.
“The amounts of waste and the social, economic and environmental implications are serious if we don’t change the trajectory. When we fight food loss and waste, we also fight hunger, poverty and global warming,” she said.
About a third of the world’s food is lost or thrown away each year. Currently, 1.6 billion tonnes of food are wasted annually, worth about US$1.2 trillion.
Much of the projected increase was down to a swelling world population, with more people resulting in more waste, said Hegnsholt, a partner and managing director at the management consultancy.
Household waste will increase in developing countries as consumers gain more disposable income, said the report, which identified five key changes that it said could save nearly US$700 billion in lost food.
They included more awareness among consumers, stronger regulations, and better supply chain efficiency and collaboration along the food production chain.
Liz Goodwin, director of the food loss and waste program at the World Resources Institute, said the report raised serious issues, but oversimplified some of the solutions.
“It’s connected with the way our lives have changed and the fact that food is now so much cheaper,” she said, citing a growing demand for convenience and a lack of cooking skills among younger generations.
Goodwin said she believed measures to cut wastage were having an effect, and the world would at least be on the way to meeting the 50 percent reduction target by 2030.
Consumers, businesses and regulators would all have to play a role in driving change, she said.
“We need a shift in our attitudes to food waste — I think we need to get to the point where it just isn’t acceptable to throw food in the bin,” she said.
SEMICONDUCTORS: The German laser and plasma generator company will expand its local services as its specialized offerings support Taiwan’s semiconductor industries Trumpf SE + Co KG, a global leader in supplying laser technology and plasma generators used in chip production, is expanding its investments in Taiwan in an effort to deeply integrate into the global semiconductor supply chain in the pursuit of growth. The company, headquartered in Ditzingen, Germany, has invested significantly in a newly inaugurated regional technical center for plasma generators in Taoyuan, its latest expansion in Taiwan after being engaged in various industries for more than 25 years. The center, the first of its kind Trumpf built outside Germany, aims to serve customers from Taiwan, Japan, Southeast Asia and South Korea,
Gasoline and diesel prices at domestic fuel stations are to fall NT$0.2 per liter this week, down for a second consecutive week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) announced yesterday. Effective today, gasoline prices at CPC and Formosa stations are to drop to NT$26.4, NT$27.9 and NT$29.9 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said in separate statements. The price of premium diesel is to fall to NT$24.8 per liter at CPC stations and NT$24.6 at Formosa pumps, they said. The price adjustments came even as international crude oil prices rose last week, as traders
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which supplies advanced chips to Nvidia Corp and Apple Inc, yesterday reported NT$1.046 trillion (US$33.1 billion) in revenue for last quarter, driven by constantly strong demand for artificial intelligence (AI) chips, falling in the upper end of its forecast. Based on TSMC’s financial guidance, revenue would expand about 22 percent sequentially to the range from US$32.2 billion to US$33.4 billion during the final quarter of 2024, it told investors in October last year. Last year in total, revenue jumped 31.61 percent to NT$3.81 trillion, compared with NT$2.89 trillion generated in the year before, according to
PRECEDENTED TIMES: In news that surely does not shock, AI and tech exports drove a banner for exports last year as Taiwan’s economic growth experienced a flood tide Taiwan’s exports delivered a blockbuster finish to last year with last month’s shipments rising at the second-highest pace on record as demand for artificial intelligence (AI) hardware and advanced computing remained strong, the Ministry of Finance said yesterday. Exports surged 43.4 percent from a year earlier to US$62.48 billion last month, extending growth to 26 consecutive months. Imports climbed 14.9 percent to US$43.04 billion, the second-highest monthly level historically, resulting in a trade surplus of US$19.43 billion — more than double that of the year before. Department of Statistics Director-General Beatrice Tsai (蔡美娜) described the performance as “surprisingly outstanding,” forecasting export growth