One third of all food produced in the world ends up as waste, while the value of global consumer food waste is more than US$400 billion per year. As the global middle class expands over the course of the decade, the cost could rise to US$600 billion, according to the new research.
Reducing food waste can also make a significant contribution to tackling climate change. 7% of all global greenhouse gas emissions (GHGs), 3.3 billion tonnes CO2 equivalent (CO2eq) per year, are due to food waste.
WRAP estimates that by 2030 global GHGs could be lowered by at least 0.2 and possibly as much as 1 billion tonnes CO2eq per year through food waste reductions, more than the annual emissions of Germany.
Investments of time and money will be required, but the potential economic and environmental benefits are huge, and the consequences of not taking sufficient action are serious – for billions of individuals, countries, and the food system as a whole.
The Waste and Resources Action Programme (which operates as WRAP) is a registered UK Charity No. 1159512 and registered as a Company limited by guarantee in England & Wales No. 4125764. Registered office at Second Floor, Blenheim Court, 19 George Street, Banbury, Oxon, OX16 5BH.