We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Impact of climate change mitigation actions on food prices in developing countries.
- Authors
Nugroho, Agus Dwi; Fekete-Farkas, Mária; Lakner, Zoltán
- Abstract
Mitigation is a crucial action in reducing the effects of climate change. However, it is frequently debated in developing countries because mitigation not only improves the environment but also reduces food production, which can increase food prices. Therefore, this study examines the impact of climate change mitigation actions on food prices in developing countries. The vector error correction model (VECM) was used to examine data collected between 1990 and 2020 from 87 developing countries. The current food price in Africa and Latin America and the Caribbean (LAC) have experienced short and long-term increases due to previous year's inflation. However, the current food prices in Asia have decreased in the short-term. The inefficient use of nitrogen nutrients in the previous year have also increased food prices in Africa in both the short and long-term but only in the short-term in Asia and LAC. Other climate mitigation efforts, such as water productivity in the previous year briefly lowered food prices in Asia in the short term and renewable energy can lower food prices in Africa and LAC in the short term. Thus, our study shows that climate change mitigation actions can lower food prices in developing countries.
- Subjects
CLIMATE change; FOOD sales & prices; FOOD production; RENEWABLE energy sources; ENERGY consumption
- Publication
Regional Statistics, 2024, Vol 14, Issue 6, p1025
- ISSN
2063-9538
- Publication type
Academic Journal
- DOI
10.15196/RS140601