Analysts looking at data on the behalf of investors in the $4tn meat marketplace have said that ‘sin taxes’ on meat look likely for the future in an effort to reduce the huge impact that animal agriculture has on climate change and greenhouse gases.
The intention of introducing a meat tax is to reduce the consumption of meat, with countries such as Germany, Denmark and Sweden already discussing the possibility of introducing the tax to cut consumption.
Although the plant based market is rising, meat consumption is still increasing around the world, with the livestock industry being responsible for 15 per cent of all global greenhouse gas emissions.
The growing impact on the environment can still be changed with the implementation of taxes on meat, with taxes already placed on sugar, tobacco and carbon emissions.
Figures gathered from a global analysis of meat taxes in 2016 found that if there was to be 40 percent levies on beef, 20 percent on dairy products and 8.5 percent on chicken, half a million lives would be saved and there would be a considerable cut to the climate warming emissions as a result of the livestock industry.
Maria Lettini, the director of Fairr (Farm Animal Investment Risk and Return), said: “As implementation of the Paris climate agreement progresses we’re highly likely to see government action to reduce the environmental impact of the global livestock sector.
“On the current pathway we may well see some form of meat tax emerge within five to 10 years.”
The side effects of eating meat regularly and in large quantities are made clear with a rise in health problems including obesity, diabetes and cancer, often described as epidemics. Other issues can also be targeted including avian flu, antibiotic resistance and climate change.
This news, although not set in stone, is a policy that would be welcomed. What do you think? Would a meat tax reduce consumption?