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Agri-food industry needs $500bn a year to reverse environmental impacts, says UBS

UBS report says solutions to better sustainability include ‘precision agriculture’ through better technology and the use of artificial environments (Photo: Krisztian Bocsi/Bloomberg)
UBS report says solutions to better sustainability include ‘precision agriculture’ through better technology and the use of artificial environments (Photo: Krisztian Bocsi/Bloomberg)

UBS suggests that with the right investment, the food and farming industry could be transformed from an environmentally damaging sector into an environmentally positive one

The agriculture and food industry needs annual investment of $200bn-$500bn to reverse its negative impacts on health, the climate and nature, and turn it into a sector that generates as much as $5tn a year in positive impacts, finds a report by investment bank UBS.

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